Balancer just dropped a compensation proposal that's got the DeFi community talking. We're looking at an $8 million distribution plan—sounds decent until you realize hackers walked away with over $128 million from their vaults earlier this month.

Here's the kicker: they've only managed to freeze a tiny fraction so far. A staggering 93.75% of those stolen funds? Still out there in the wild.

The protocol's team is scrambling to figure out recovery options, but let's be real—clawing back that much crypto from sophisticated attackers isn't exactly a walk in the park. Meanwhile, affected liquidity providers are waiting to see if this $8M olive branch will even cover their losses.

Another day, another reminder that smart contract vulnerabilities remain DeFi's Achilles heel. The space moves fast, but so do the exploiters.

BAL-3.43%

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TokenomicsDetective

· 11-30 00:39

8k compensation for a 128k loss? This math doesn't add up, buddy --- 93.75% is still wandering in the wild, is Balancer performing for us? --- Another smart contract vulnerability, when will this circle learn about security audits? --- Recovering stolen encryption? Heh, it's harder than finding a long wick candle in the ocean --- What can the victimized LP get? It feels like just a consolation prize --- DeFi really is high yield and high risk, with such a big risk who still dares to be an LP? --- This hacker is really ruthless, stealing 128K in a month and just running away, their methods are indeed brilliant --- The Balancer team is truly powerless, what's the use of such a low freezing ratio? --- Smart contracts are so easily attacked, why do people still dare to invest heavily?

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SleepyArbCat

· 11-28 12:50

Hmm... it's the same trap again, the $8M compensation sounds nice, but 93.75% of the money is still floating in the hacker's hands, isn't this just empty talk?

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DataBartender

· 11-28 12:48

1.28 million not recovered 93%? This is ridiculous. --- Another smart contract vulnerability, DeFi still needs to continue auditing. --- How much can the victims get compensated? It's probably just a drop in the bucket. --- The hacker runs faster than Balancer can chase, that's the reality. --- $8M settlement? Laughable, they stole 1.28 million. --- 93.75% is still floating out there, how does it feel like it can't be recovered? --- This is why I'm still a bit hesitant about Decentralized Finance. --- No matter how hard the protocol team works, it's useless; the key is how to plug this hole. --- Waiting to see what happens next, can Balancer turn things around this time? --- Liquidity Providers have to take the blame again, it's too heart-wrenching.

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WalletDetective

· 11-28 12:43

93.75% is still in the wild, the difficulty of this chase...

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MintMaster

· 11-28 12:33

The balancer's operation is really incredible, 128k is gone and only a little bit is frozen... Wait, 8M? Didn't we say 8k before? The numbers don't match up, guys. Isn't this just the eternal cycle of dfi: vulnerability → hacked → issue a compensation proposal → the next project continues to step into the pit? 93.75% is still wandering outside, the difficulty of recovering this... forget it, that money is mostly gone. When can smart contract auditing really take off?

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