Balancer community outlines fund distribution plan for hack victims
- Approximately $8 million of the $116 million stolen in a November hack is set to be distributed.
- The proposed plan aims to compensate victims affected by the security breach.
- The Balancer community is actively involved in determining the distribution process.
- Victims will receive funds based on specific criteria outlined in the proposal.
This initiative highlights the Balancer community’s commitment to addressing the aftermath of significant security incidents within the DeFi space, ensuring that affected users are compensated fairly.
With around $8 million allocated for victim restitution, this plan represents a significant effort to recover losses from the November hack.(Source)
