Gnosis announces hard fork to recover funds from Balancer exploit
24.12.2025
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The hard fork on Monday followed a majority of Gnosis validators adopting a soft fork in response to a November Balancer exploit, in which about $116 million in crypto was stolen.
Gnosis chain operators executed a hard fork to recover funds tied to a $116 million Balancer exploit in November.
Gnosis just dropped a hard fork to claw back cash from that massive Balancer hack — $116M gone in November. In a Tuesday X post, they confirmed the funds are now "out of the hacker's control." That's a major W for recovery ops.
This hard fork went live Monday, after most validators already backed a soft fork in November to tackle the Balancer exploit hitting "Balancer‑managed contracts on Gnosis Chain."
“There is still a live community discussion around how people will be able to claim back their funds, as well as how contributors involved in the rescue mission may be recognized or compensated,” said Gnosis head of infrastructure Philippe Schommers in a Dec. 12 forum post. “Right now we’re focused on enabling funds to be recovered by Christmas. Once they sit safely in a DAO controlled wallet we will figure out everything else.”
Back on Nov. 3, Balancer got rekt — $116M+ in digital assets drained. On-chain data showed the hacker moving millions in staked ETH to a fresh wallet. Brutal.
Balancer later said white hats clawed back about $28M of the stolen funds, but most of the loot was still MIA.
11 audits didn’t prevent the Balancer exploit
Here’s the kicker: Balancer V2 had 11 audits from four different security firms. And it still got hit. The exploit was "isolated to V2 Composable Stable Pools." So much for audit armor.
#DeFi#security audit#hack#smart contracts#hard fork
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