Balancer Initiates Recovery Action Following Stablecoin Pool Incident

According to Odaily, Balancer announced on Platform X that it has initiated a white-hat recovery operation in response to a recent incident involving its V2 stablecoin pool. Approximately $4.1 million has been transferred to a controlled escrow account for reconciliation and return. The incident only affects the Balancer V2 stablecoin pool, with Balancer V3 remaining unaffected. Balancer has advised community members to be cautious of phishing attempts and to refrain from interacting with the listed pools until further updates are provided after the reconciliation process is complete.