Gnosis Chain Executes Hard Fork to Recover $9.4 Million Assets
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Asset Recovery Action: Gnosis Chain executed a hard fork on December 22 to successfully unlock approximately $9.4 million in assets that were frozen due to the November Balancer exploit, thereby providing much-needed fund recovery for affected users and demonstrating accountability in decentralized finance.
- Governance Proposal Approval: The hard fork was activated at 16:11 UTC following the approval of a governance proposal, with validators who failed to upgrade their nodes facing penalties such as suspended staking rewards or potential slashing, highlighting the community's emphasis on governance mechanisms.
- Community Divisions Intensified: The hard fork sparked heated debates within the community, with some members arguing it violated
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.








