Ethereum Rebounds as StakeWise Reclaims $19.3M osETH from Balancer Hacker, Stolen Funds Drop to $98M with Over Half Converted to ETH

COINOTAG News, citing on-chain analyst Yu Jin, reports that this morning StakeWise used a contract call to recover 5,041 osETH—roughly $19.3 million—from the Balancer hack. The recovered amount reduces the total stolen from $117 million to $98 million, per the latest on-chain data.

Meanwhile, the attacker has been progressively converting LST (liquid staking tokens) back into ETH, with more than half of the abducted assets now transitioned to ETH, indicating a partial unwind that remains under active scrutiny by analysts and exchanges.

Analysts say ongoing recovery activity highlights the value of on-chain transparency and robust risk controls for DeFi projects associated with complex incidents, supporting market confidence and clearer post-incident communication.