Balancer Wind-Down Proposed as Post-Exploit Revenue Fails to Recover
Marcus Hardt said the restructuring failed to restore revenue after a $128 million exploit, and BAL holders would vote on the plan this month.
- On Monday, Balancer Labs CEO Marcus Hardt proposed an orderly wind-down of the Balancer protocol, calling for distribution of its remaining treasury to BAL tokenholders.
- Hardt cited profitability challenges after the restructuring failed to replace legacy revenue lost when the November exploit continued limiting adoption; monthly earnings fell to $371,000 from $1.13 million.
- Recent data shows August revenue at just $56,781, while the proposal reserves up to $400,000 for wind-down costs and aims to distribute more than $9 million to holders.
- Under the proposal, Balancer begins phased shutdown in October with pools moving to withdrawal-only mode; BAL holders vote Sept. 25 to 29 to approve the plan.
- Treasury distribution begins May 2027 on a pro-rata basis when holders burn BAL tokens; a second distribution handles unclaimed assets, followed by a final sweep six months later.
30 Articles
30 Articles
Balancer Proposes Wind-Down, $9M-Plus Treasury Could Go to BAL Holders
Balancer is moving closer to a possible shutdown after its restructuring failed to produce a sustainable revenue recovery. The decentralized exchange has proposed an orderly wind-down that could return more than $9 million in treasury assets to BAL holders.Visit Website
Balancer wind-down proposed as post-exploit revenue fails to recover
Balancer has proposed shutting down its decentralized exchange protocol and returning more than $9 million in remaining treasury assets to BAL holders after its post-exploit operating plan failed to generate enough revenue. Balancer Labs CEO Marcus Hardt laid out the…
Developers of the Balancer, project of the DeFi sector, published on Monday (14) a proposal to terminate the protocol. The project had suffered an attack valued at $128.6 million in November 2025. The closing process will be slow. According to the schedule, the vote will start on September 25th, pools will begin to operate [...] Source: Balancer proposes closure of the protocol due to hack suffered in 2025 See more news about Bitcoin. Follow Liv…
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