Balancer Labs is shutting down its corporate operations following a $116 million exploit and ongoing financial strain.


The hack caused a major drop in total value locked, severely impacting the protocol’s position in DeFi.
While the company is closing, the protocol will continue under its DAO with structural changes and reduced costs.
#CryptoNews
BAL0.71%
post-image
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin