PANews reported on November 8 that Balancer tweeted that it sent an on-chain message on Wednesday (November 5) to all known addresses involved in the attack, providing the hackers with a way to contact them and return the funds. "Balancer hopes to resolve the issue without escalating the process. If you are willing to cooperate, please reply to this message and contact us before 5:00 AM (UTC+8) on November 9th. Failure to reply by then will be considered an unwillingness to assist in compensating liquidity providers for their losses, and the process will be escalated." "Balancer proposes: Returning funds to the DA0 multisignature address in exchange for a bounty. Specific details will be negotiated privately. Balancer will not take legal action or investigative measures after confirming that the returned funds meet the relevant standards. If this proposal is not accepted or a timely response is not received, Balancer will use all technical, on-chain, and legal means to identify and hold the attacker accountable. In this case, the bounty will be used to reward verified informants who help identify and ultimately prosecute the attacker." Previous reports indicated that Balancer's losses from the attack had risen to $116.6 million .PANews reported on November 8 that Balancer tweeted that it sent an on-chain message on Wednesday (November 5) to all known addresses involved in the attack, providing the hackers with a way to contact them and return the funds. "Balancer hopes to resolve the issue without escalating the process. If you are willing to cooperate, please reply to this message and contact us before 5:00 AM (UTC+8) on November 9th. Failure to reply by then will be considered an unwillingness to assist in compensating liquidity providers for their losses, and the process will be escalated." "Balancer proposes: Returning funds to the DA0 multisignature address in exchange for a bounty. Specific details will be negotiated privately. Balancer will not take legal action or investigative measures after confirming that the returned funds meet the relevant standards. If this proposal is not accepted or a timely response is not received, Balancer will use all technical, on-chain, and legal means to identify and hold the attacker accountable. In this case, the bounty will be used to reward verified informants who help identify and ultimately prosecute the attacker." Previous reports indicated that Balancer's losses from the attack had risen to $116.6 million .

Balancer has issued an on-chain appeal to the hackers, demanding that they return the funds by November 9th in exchange for a bounty.

2025/11/08 08:41

PANews reported on November 8 that Balancer tweeted that it sent an on-chain message on Wednesday (November 5) to all known addresses involved in the attack, providing the hackers with a way to contact them and return the funds.

"Balancer hopes to resolve the issue without escalating the process. If you are willing to cooperate, please reply to this message and contact us before 5:00 AM (UTC+8) on November 9th. Failure to reply by then will be considered an unwillingness to assist in compensating liquidity providers for their losses, and the process will be escalated." "Balancer proposes: Returning funds to the DA0 multisignature address in exchange for a bounty. Specific details will be negotiated privately. Balancer will not take legal action or investigative measures after confirming that the returned funds meet the relevant standards. If this proposal is not accepted or a timely response is not received, Balancer will use all technical, on-chain, and legal means to identify and hold the attacker accountable. In this case, the bounty will be used to reward verified informants who help identify and ultimately prosecute the attacker."

Previous reports indicated that Balancer's losses from the attack had risen to $116.6 million .

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Chancellor Reeves is planning to reduce tax relief on pension contributions

Chancellor Reeves is planning to reduce tax relief on pension contributions

Chancellor Reeves is planning to reduce tax relief on pension contributions.
Share
Cryptopolitan2025/11/08 13:04