Gnosis Chain executed a chain fork to recover approximately $9 million in assets that were compromised during a Balancer protocol hack. The incident triggered an emergency response from the network, prompting developers to implement a coordinated fork to restore the affected funds. This move highlights the technical capabilities of certain blockchain networks to respond swiftly to major security breaches through community consensus. The recovery mechanism demonstrates how layer 2 and alternative chain ecosystems can leverage protocol-level interventions when facing significant security threats. Such actions spark ongoing debates within the crypto community about decentralization trade-offs versus pragmatic security responses.

GNO0.24%
BAL0.81%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
AltcoinTherapistvip
· 2h ago
Ah, it's another chain fork to rescue the market... This time 9 million, what's next? Feels like decentralization is becoming more and more like a house of cards.
View OriginalReply0
UnluckyLemurvip
· 2h ago
Fork rescue, but does this really still count as decentralization?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)