Balancer DAO is considering distributing approximately $8 million in recovered assets to liquidity providers affected by the November 3rd exploit, which resulted in over $110 million being stolen. The recovery was achieved through efforts by white hats and internal teams. The proposed distribution plan includes structured rewards for the white hats and compensation to users based on snapshot data, with payouts in original tokens via a newly developed claim mechanism. Additionally, about $19.7 million recovered by white hat StakeWise will be handled separately, while $4.1 million recovered in collaboration with Certora is excluded from the white hat bounty.
Balancer DAO Plans $8 Million Compensation for Hack Victims
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