Balancer Recovers $8 Million in Funds After DeFi Breach, Redistributes to Users

Following a major hack that resulted in the theft of over $128 million worth of assets from Balancer, a prominent decentralized finance (DeFi) protocol, the company has unveiled a comprehensive plan for recovering and redistributing funds. The strategy outlines distributing $8 million recovered through both external intervention by white-hat security researchers and internal operations to affected liquidity providers (LPs).