StakeWise DAO recovered approximately $20.7 million in assets from the Balancer attacker.

BAL-4,58%
ETH-2,81%
BPT-0,81%

Foresight News reports that the Ethereum liquid staking protocol StakeWise tweeted that the StakeWise DAO executed a series of transactions via an emergency multisignature early this morning, recovering approximately 5,041 osETH (about $19 million) and 13,495 osGNO (about $1.7 million) tokens from the Balancer attacker. This amounts to 73.5% of the previously stolen osETH total and is the entire recoverable amount, as the attacker quickly exchanged the lost stolen assets for ETH. All stolen osGNO has been fully recovered. The recovered funds will be returned to users affected by the Balancer V2 vulnerability and will be distributed proportionally based on their balances prior to the exploit. Foresight News previously reported that according to BlockSec Phalcon monitoring, several projects based on Balancer were attacked a few hours ago, resulting in losses exceeding $120 million. This is a highly sophisticated attack technique. Preliminary analysis shows that the root cause of the attack was the distortion of BPT price calculation through invariant manipulation, allowing the attacker to profit from a single batch swap in a specific stable pool.

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