After Balancer suffered a $128 million loss due to a hack, it issued an “ultimatum” to the hackers on the blockchain.
(Background: Balancer released an official report: $125 million lost due to a rounding function bug )
(Additional background: Balancer: V2 pool suffered a $128 million loss due to a vulnerability attack, V3 unaffected; experts criticize: audits conducted more than ten times were completely useless )
DeFiIn early November 2023, the Balancer protocol announced that it had been attacked due to a function error, resulting in the loss of approximately $128 million from its V2 liquidity pool. Today, Balancer issued a tweet and on-chain message to the hacker, giving them a 96-hour “final ultimatum” to return the assets and claim a 20% bounty.
![图片[1]-Balancer issues ultimatum to hackers: pay up in 96 hours or face legal action.-OzABC](https://www.ozabc.com/wp-content/uploads/20251110064325-800x533.webp)
With the negotiations nearing their end, the community is watching to see if Balancer can salvage the situation.
On-chain ultimatum: Negotiation first, bounty looming.
Balancer posted an on-chain message to the hacker’s address, offering a “100% refund, claim your bounty” deal. The full text is:
Balancer stated that it hopes to resolve this incident without further escalation. If you are willing to cooperate, please reply and contact us by 5:00 AM (UTC+8) on November 9th. Failure to respond by this deadline will be considered as an unwillingness to assist in compensating liquidity providers for their losses, and escalation will be initiated.
Balancer’s proposal is as follows: you return funds to the DAO’s multi-signature address, and in exchange, Balancer will provide a bounty. Details will be negotiated privately. As long as the returned funds meet the necessary criteria, Balancer will not take legal action or conduct any investigation.
If you reject this offer or fail to respond within the deadline, Balancer will utilize all technical, on-chain, and legal means to identify and hold the attacker accountable. The original bounty will then be used to reward verified informants who assist in identifying and ultimately prosecuting the attacker.
The authorities warned that if no response is received by 5 a.m. Taiwan time on November 9, the same amount of the reward will be given to any informant who can help track down and prosecute the perpetrators.
Balancer stated bluntly, “Return the funds, or we will initiate full legal and technical measures.” By simultaneously emphasizing negotiation and accountability, they aim to shorten the recovery period and minimize user losses. However, whether this will be effective remains to be seen.
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