VNCOIN Guide: Balancer Labs to shut down following $110 million exploit, co-founder says in DAO post

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Tom tat nhanh

  • The company that built decentralized finance (DeFi) powerhouse Balancer is closing.
  • Balancer co-founder Fernando Martinelli announced Tuesday that Balancer Labs, the corporate entity that incubated and funded the decentralized exchange protocol, will be shutting down.
  • The decision comes roughly five months after a v2 exploit in November 2025 that drained approximately $110 million in digital assets, as CoinDesk first reported, including osETH, WETH, and wstETH, the third known security breach for the project and the one that created the legal exposure Martinelli cited as the reason for shutting down BLabs.
  • "BLabs, as a corporate entity, has become a liability rather than an asset to the protocol's future and is just not sustainable as is without any sources of revenue," Martinelli wrote in a governance forum post.
  • Martinelli added he "seriously considered" shutting everything down entirely.
  • But he stopped short of calling for a full wind-down because the protocol still generates revenue.

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Nguon tham khao: https://www.coindesk.com/tech/2026/03/24/balancer-labs-will-shut-down-as-corporate-entity-became-a-liability-after-usd110-million-exploit

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