Gnosis Executes Hard Fork to Recover Funds From $116M Balancer Exploit

[etfs]

Gnosis Chain operators have executed a hard fork to recover funds linked to the $116 million Balancer exploit that occurred in November. The fork followed weeks of coordination after a majority of validators first adopted a soft fork to contain the attack, which affected Balancer-managed contracts on Gnosis.

According to Gnosis, the recovered funds are now “out of the hacker’s control,” signaling a partial or potentially full recovery. The project is working to secure the assets in a DAO-controlled wallet, with the goal of enabling user fund recovery before Christmas.