Balancer Rewards Hacker with Bounty Following $100M Exploit
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Current Situation: Balancer is facing a significant challenge after a $100 million exploit, and they are appealing to the hacker to return the stolen funds in exchange for a bounty.
Onchain Warning: The Balancer DAO issued a direct onchain warning to the hacker, outlining the consequences of not returning the funds and offering a path for cooperation.
Details of the Exploit: The exploit targeted Balancer’s V2 Composable Stable Pools, draining over $100 million in staked Ether, despite prior audits by four security firms.
Bounty Offer: Balancer has proposed a bounty of up to 20% of the stolen funds, amounting to over $20 million, in hopes of resolving the situation amicably and restoring trust in the platform.
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.








