Gnosis has announced a hard fork in response to a previous exploit on Balancer. According to reports, the hard fork was implemented on Monday. This follows a majority vote by Gnosis validators to adopt a soft fork as a response to the November exploit on Balancer, where approximately $116 million in cryptocurrency was stolen. The hard fork is intended to recover funds lost in the Balancer exploit. The development highlights the ongoing challenges and responses within the DeFi space related to security vulnerabilities and fund recovery efforts.

Gnosis has announced a hard fork in response to a previous exploit on Balancer. According to reports, the hard fork was implemented on Monday. This follows a majority vote by Gnosis validators to adopt a soft fork as a response to the November exploit on Balancer, where approximately $116 million in cryptocurrency was stolen. The hard fork is intended to recover funds lost in the Balancer exploit. The development highlights the ongoing challenges and responses within the DeFi space related to security vulnerabilities and fund recovery efforts.