Gnosis executes hard fork after Balancer exploit recovery effort

Gnosis chain operators have executed a hard fork to recover stolen funds.

The action followed a major exploit affecting Balancer-managed contracts.

Roughly one hundred sixteen million dollars in crypto was stolen in November.

Gnosis confirmed the hard fork was completed earlier this week.

The decision followed extensive coordination with node operators.

A majority of validators had already adopted a soft fork.

That soft fork was implemented shortly after the exploit surfaced.

The hard fork aimed to neutralise the attacker’s control over funds.

Gnosis said the assets are now out of the hacker’s reach.

The recovery applies to Balancer contracts deployed on Gnosis Chain.

The project described the outcome as a significant step forward.

Further community discussion is ongoing regarding fund distribution.

There is still a live community discussion around how people will be able to claim back their funds.

Philippe Schommers said.

Schommers leads infrastructure efforts at Gnosis.