Balancer Security Incident: White-Hat Team Successfully Salvages Over $20 Million in Compromised Funds

GateUser-a5fa8bd0 · 2026-01-15T21:18:52+00:00

Haseeb, managing partner at Dragonfly, announced that white-hat hackers restored $20 million in stolen assets post-Balancer hack, highlighting the importance of ethical hackers in DeFi security and the need for stronger protective measures against vulnerabilities.

GateUser-a5fa8bd0

2026-01-15 21:18:52

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Dragonfly’s managing partner Haseeb has announced a significant development in the aftermath of the recent Balancer hack. According to the latest update, white-hat security researchers have successfully managed to convert $20 million worth of stolen assets back to their rightful owners, marking a major recovery milestone.

The recovery efforts demonstrate the critical role that ethical hackers play in the DeFi security landscape. Since the Balancer incident occurred, the white-hat team has been working diligently to trace and recover the compromised funds across multiple blockchain networks and protocols.

This $20 million recovery represents a substantial portion of the total losses from the hack, bringing relief to affected users and the broader DeFi community. The swift intervention and technical expertise of white-hat hackers have proven instrumental in minimizing the ultimate damage from what could have been a catastrophic loss.

The incident underscores the ongoing vulnerabilities within decentralized finance platforms and the importance of robust security measures and rapid response protocols when breaches occur.

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