Balancer Hack Update: StakeWise Recovers 73.5% of Misappropriated osETH
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
StakeWise Recovery: StakeWise successfully recovered 73.5% of the stolen osETH, amounting to approximately $19 million, from the recent Balancer exploit, which drained over $128 million due to a smart contract vulnerability.
Impact of the Exploit: The exploit affected multiple layer-2 networks and led to a significant loss, prompting Balancer and associated protocols to pause operations and implement recovery measures, including offering a bounty for the return of funds.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
