In a swift response to a significant security breach, the Balancer team has taken decisive action following a $128 million hack that occurred on November 3, 2025. According to the official information, the team has initiated an emergency shutdown to protect users and is now focused on developing a compensation plan for those affected by the incident.
Emergency Shutdown Initiated
Immediately after the attack, the Balancer team triggered an emergency shutdown to prevent further losses. This proactive measure highlights the team's commitment to user security and trust. In addition to the shutdown, they are collaborating with leading security firms to conduct a thorough investigation into the breach, aiming to uncover the details of the attack and prevent future incidents.
Compensation Plan for Affected Users
To alleviate the financial impact on users, Balancer has pledged to cover 90% of the losses incurred during the hack. This compensation plan is part of their broader effort to restore confidence among their community and ensure that affected users receive the support they need during this challenging time.
Following the recent security breach reported by Balancer, the BERA Foundation has successfully recovered nearly $128 million stolen during the BEXBalancer v2 attack. For more details, see read more.
