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Balancer · active proposal
[BIP-930] Distribution of Recovered Funds from Balancer V1 August 31st 2026 Exploit
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0
BAL voted
0
Token price
$0.13
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Voting results
Quorum
0 / 5.00M BAL(0%)
Yes, let's do it0 (0.0%)
No, this is not the way0 (0.0%)
Abstain0 (0.0%)
0 BAL · 0 votersblock 26106075
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Full proposal
Original markdown · Balancer
Summary
Here, the DAO proposes the distribution of funds recovered following the Balancer V1 exploit of August 31st, 2026.
Context: a bug was found on legacy Balancer V1 pools allowing them to be drained. Whitehat actors intervened during the event, and the main exploiter was identified as a greyhat, partially returning funds to the Balancer DAO Multisig on Ethereum Mainnet. Although, many copycat transactions remain annonymous with proceedings going into mixers.
As of the latest report, $1,393,694.67 worth of tokens were drained from v1 pools (priced at the time of the attack).
This pr…
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