**Balancer Hack Recovery: Dragonfly Confirms Major Milestone**

In a significant development for the DeFi ecosystem, Dragonfly's managing partner has shared an encouraging update regarding the Balancer hack incident. According to the latest reports, white-hat security researchers have successfully recovered assets exceeding $20 million that were previously lost in the exploit.

This substantial recovery represents a major breakthrough in addressing the fallout from the Balancer vulnerability. The collaborative efforts of ethical hackers to trace and retrieve these funds demonstrate the growing sophistication of security response mechanisms within the cryptocurrency sector.

The $20 million in recovered assets marks tangible progress in compensating affected users and restoring confidence in the platform. Dragonfly's involvement in tracking this recovery highlights the critical role that venture capital firms and security-focused organizations play in supporting the broader DeFi community during crisis situations.

Such recovery initiatives underscore the importance of having coordinated responses to security breaches, where both the protocol teams and external security professionals work together to minimize long-term damage to users and the ecosystem.