Balancer Protocol Unveils Recovered Funds Distribution Plan

The Balancer protocol has proposed a distribution plan for a portion of the recovered funds following a significant $116 million exploit in November. Roughly $28 million was recovered by white hat hackers, internal teams, and StakeWise, an Ether liquid staking platform. This proposal focuses solely on the $8 million reclaimed by white hat hackers and internal rescue efforts. Meanwhile, nearly $20 million retrieved by StakeWise will be distributed to its users separately. 💰