Gnosis announces hard fork to recover funds from Balancer exploit

Gnosis announces hard fork to recover funds from Balancer exploit

The hard fork on Monday followed a majority of Gnosis validators adopting a soft fork in response to a November Balancer exploit, in which about $116 million in crypto was stolen.

Gnosis chain operators executed a hard fork to recover funds tied to a $116 million Balancer exploit in November.

In a Tuesday X post following a notice for node operators, Gnosis said it executed a hard fork to recover some of the funds from a significant exploit of Balancer. The project said the funds were “out of the hacker’s control,” signaling a partial or full recovery.

The hard fork, executed on Monday, followed a majority of validators adopting a soft fork in November in response to the Balancer exploit affecting “Balancer‑managed contracts on Gnosis Chain.”

Read more

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

If you want to read more News articles, you can visit our General category.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *