Balancer on Brink of Shutdown After $130M Hack

Guavy AI Editorial Team Published September 15, 2026

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BAL

Decentralized exchange Balancer is considering shutting down after suffering a devastating $130M hack last year.

The decision comes as part of a proposal by CEO Marcus Hardt, who suggests a 'phased sunset' of the protocol.

Hardt claims that despite efforts to recover from the hack, none of them have led to sustained revenue growth.

The proposed shutdown would see Balancer's $9 million treasury distributed pro-rata among BAL holders.

The Wire

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