Balancer Hack Update: Ethereum-Linked $8M White-Hat Recovery and $20M Set for StakeWise Users Amid $116M Theft

In a November 28 report, Cointelegraph notes that two Balancer community members filed a governance proposal to map a portion of the fund-recovery plan tied to the $116 million exploit that struck the protocol in November.

The broader theft incident has seen approximately $28 million recovered to date, via white-hat hackers, internal rescue personnel, and the Ethereum staking platform StakeWise.

Importantly, the proposal centers on the $8 million recovered by white-hat hackers and the internal rescue team, while the nearly $20 million recovered by StakeWise is earmarked for separate distribution to its users.