Balancer Announces $8 Million Reimbursement Plan for Exploit Victims

Balancer has announced a plan to distribute approximately $8 million to users impacted by a recent exploit that drained over $128 million from its DeFi platform. The funds, recovered through collaboration with white hat security actors and internal rescue efforts, will be allocated to liquidity providers (LPs) who were directly affected by the attack. The reimbursment proposal follows a non-socialized approach, meaning only those directly affected by the exploit will receive funds.