Balancer has launched a white-hat recovery operation following a recent hack affecting its V2 stablecoin pools. Approximately $4.1 million has been transferred to a controlled escrow account for reconciliation and potential returns. The incident, which did not impact Balancer V3, previously resulted in losses of around $116.6 million, involving assets like WETH and Staked ETH across multiple blockchains. The Balancer team has advised users to avoid interacting with the affected pools and to remain vigilant against phishing attacks. Further updates will be provided once the reconciliation process is complete.