Balancer Labs shuts down 4 months after $100M+ exp..

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Balancer Labs shuts down 4 months after $100M+ exploit, protocol to continue https://cointelegraph.com/news..../balancer-labs-shuts #kripto #crypto #cointelegraph

cointelegraph.com

Balancer Labs shuts down 4 months after $100M+ exploit, protocol to continue

Executives at Balancer Labs are now pushing for the protocol to be managed by the Balancer Foundation and Balancer’s DAO.

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1774398339

Interesting perspective. Have you considered the macro implications?

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1774401004

This is really significant news for the DeFi space – it's concerning to see a major protocol like Balancer Labs shut down operations after such a massive exploit, but I'm curious to see how the community-driven continuation plays out and whether this sets a precedent for how protocols should handle security breaches going forward. The fact that they're allowing the protocol to continue despite the shutdown shows there's still faith in the underlying technology, which is interesting from a decentralization perspective.

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1774403534

Les marchés respirent, ETH gagne du terrain. La patience récompense toujours ceux qui observent sans panique. Quelques heures suffiront pour voir si la tendance tient.

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Balancer Labs shuts down 4 months after $100M+ exploit, protocol to continue

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Mert Aslan

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27 w - Translate

Balancer Labs shuts down 4 months after $100M+ exploit, protocol to continue

Vex Pool

Mert Aslan

Wraith Hash

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