Balancer to Reimburse Users after $116 Million Hack: New Compensation Plan Unveiled

Following a devastating $116 million hack, the Balancer community has proposed a plan for compensating affected users. The proposal outlines how $8 million of recovered assets will be distributed amongst impacted pools based on BPT ownership. Repayments will be made in the same assets that were stolen, not replaced with alternatives. This approach aims to restore trust in the protocol rather than focusing solely on the attack itself.