'Hacked' Stakewise recovers assets worth $20.7 million

Source
Uk Jin

Summary

  • Stakewise said it recovered $20.7 million worth of assets leaked in a Balancer exploit.
  • The recovered assets are 5041 osETH ($19 million) and 13,495 osGNO ($1.7 million), representing 73.5% of the stolen osETH and 100% of the osGNO, respectively.
  • The recovered funds will be returned to the victims.

Stakewise, the Ethereum (ETH) staking protocol that was hacked the previous day, said on the 4th (Korean time) on X (formerly Twitter), "recovered about $20.7 million of the assets leaked in the Balancer (BAL) exploit."

According to Stakewise, Stakewise DAO executed a series of recovery transactions through an emergency multisig wallet, recovering 5041 osETH (about $19 million) and 13,495 osGNO (about $1.7 million).

This corresponds to 73.5% of the stolen osETH and 100% of the osGNO. The recovered funds will be returned to the victims.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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