News linked to both this project and an event.
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
According to on-chain analyst Onchain Lens (@OnchainLens), the U.S. government has transferred an additional $216,000 worth of assets from the seized FTX/Alameda-related funds, bringing the total transferred amount to $984,000. The assets involved in this transfer include LINK, AAVE, CHZ, and BAL.
according to Onchain Lens monitoring, a Balancer attacker has exchanged 21,000 ETH for 617.43 BTC over the past three days, worth $48.72 million. The attacker currently still holds 1,000 ETH, worth $2.32 million, and may conduct further sell-offs.
according to on-chain analyst Ai Yi's monitoring, an address linked to the Balancer attacker has transferred 5,609 ETH, worth $13 million, to THORChain over the past 9 hours. In November 2025, Balancer was hacked for over $116 million, a incident with the same suspected culprit as the Aave attack, both pointing to the North Korean hacker group Lazarus Group. Both entities have recently been frequently using Tornado Cash for money laundering.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million worth of assets from Balancer last November has been continuously swapping ETH for BTC via THORChain. To date, the hacker has swapped a total of 14,300 ETH for 419.3 BTC (approximately $32.51 million). The hacker currently holds 7,700 ETH on the Ethereum chain and 419.3 BTC on the Bitcoin chain, with a combined value of approximately $50.4 million. Since the price of ETH has fallen significantly from around $3,600 at the time of the theft, the value of the hacker’s holdings has shrunk by nearly half—from the original $98 million.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million in assets from Balancer last November is today exchanging ETH for BTC via THORChain. So far, 7,000 ETH have been swapped for 204.7 BTC—valued at roughly $15.88 million—and the process continues. Additionally, it has been disclosed that this address currently holds 15,000 ETH on Ethereum, valued at approximately $34.65 million, and 204.7 BTC on Bitcoin.
According to on-chain analyst Onchain Lens (@OnchainLens), the Balancer hacker’s address has reactivated after five months of dormancy, transferring 100 ETH (approximately $233,000) to a new wallet and beginning fund transfers via ThorChain. The hacker currently still holds 21,900 ETH, valued at approximately $51.13 million.