Gnosis Executes Hard Fork to Recover Balancer Hack Funds

#Gnosis Chain Completed a hard fork on Monday to Recover funds from the $116M Balancer exploit that happened in November.

The stolen assets are now out of the hacker's control and will be transferred to a DAO-controlled wallet.

Quick recap:

🔹 Nov 3 - #Balancer V2 pools exploited for $116M

🔹 White hats recovered ~$28M

🔹 Gnosis froze $9.4M via soft fork

🔹 Hard fork now executed to complete recovery

The Team Aims to Return Funds to Affected users by Christmas.

This marks one of the Rare Cases where a Blockchain has Intervened to Reverse a Hack - Sparking fresh debate on Decentralization vs User Protection.