PANews reported on November 13th that Balancer announced on its X platform that, in response to the recent Balancer V2 stablecoin pool incident, the Balancer team has initiated a white-hat recovery operation and transferred approximately $4.1 million to a controlled escrow account for reconciliation and returns. This only applies to Balancer V2 stablecoin pools; Balancer V3 is unaffected. Balancer reminds its community users to be wary of phishing attacks and to refrain from any operations with the listed pools for the time being. Further updates will be provided after reconciliation is completed.

Previously, it was reported that the DeFi protocol Balancer suffered a hack that resulted in losses of approximately $116.6 million. The attack involved the transfer of assets across multiple blockchains, including various tokens such as WETH, Staked ETH, and wstETH.