Gnosis Chain executed a Hard Fork to recover funds lost from the Balancer vulnerability, and ecological collaboration to prevent risks.

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[比推] The operational community of Gnosis Chain has made an important decision: to recover the funds lost in the Balancer vulnerability incident, a Hard Fork will be executed. The good news is that these funds are no longer controlled by the Hacker.

Earlier, the Gnosis team has been closely collaborating with ecological partners such as Monerium and Balancer. They successfully froze a portion of the affected liquidity pools while suspending the regular operation of transferring assets out of the Gnosis chain via standard cross-chain bridges—this is a protective measure.

In subsequent actions, Gnosis will continue to work with various parties in the ecosystem. It is worth noting that the team has issued a reminder to all node operators: they need to actively cooperate and take action, otherwise they will face relevant penalties. This reflects the centralized governance approach of the DeFi ecosystem when facing security incidents.

GNO-1.05%
BAL1.94%
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GasFeeTherapistvip
· 22h ago
Hard Fork chasing funds? Gnosis's operation this time is indeed fierce, but the problem arises, nodes must cooperate fully, otherwise, they will really face penalties... it feels a bit coercive.
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SellTheBouncevip
· 22h ago
Hard fork to recover funds? Sounds good, but that's the fate of Decentralized Finance — someone always has to pay for code vulnerabilities. Nodes enforcing compliance and imposing fines... the taste of centralization is becoming stronger.
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OneBlockAtATimevip
· 22h ago
Hard Fork to recover funds? This move is quite ruthless, but it depends on whether the nodes are willing to cooperate. It feels a bit coercive...
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