Balancer proposes distributing 296.4 ETH to LPs of hacked pools
- —296.401711 ETH was returned in five transfers between Sept. 8 and Sept. 16
- —Exploit losses are estimated at $1.39 million at attack-time prices
- —Allocation is based on each pool's share of losses and holdings at block 25,872,248
- —ETH payouts would require claimants to release Balancer Labs, DAO and Foundation from liability
Why it matters: The recovery route is defined, but without address-level data or a vote, LPs cannot calculate payouts and timing remains unclear.
Source: CryptoSlate