StakeWise Secures Over $20 Million from Balancer Exploit, Promises Pro-Rata User Reimbursement

StakeWise has successfully recovered over $20 million in funds lost due to a recent exploit on the Balancer protocol. The recovery was achieved through the platform’s DAO emergency multisig and will be distributed to affected users on a pro-rata basis. Notably, a significant portion of assets remains unrecovered. While 73.5% of the stolen osETH and osGNO (approximately $20.7 million) were recovered, an additional 26.5% (~$7 million) was converted to ETH too quickly for immediate recovery. StakeWise emphasizes its successful operation in this challenging DeFi landscape, highlighting a rare instance where significant funds have been retrieved from the attack.