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Balancer Labs to Shut Down After $128M Exploit - Yahoo Finance Balancer Labs is ceasing operations permanently The announcement comes just days after a sophisticated attacker exploited the protocol for approximately $128 million, effectively emptying major
Balancer Labs to shut down after $128 million exploit; protocol eyes . . . Balancer protocol’s corporate entity is shutting down after over $128 million was drained in an exploit last November Its co-founder, Fernando Martinelli, said the protocol will continue to operate after restructuring to attain a “lean” economic model Balancer Labs, the corporate entity
Balancer Labs Winds Down Months After $128M DeFi Exploit Balancer Labs Winds Down Months After $128M DeFi Exploit The restructuring comes as analysts say older DeFi models built on token incentives and emissions are increasingly under pressure