Odaily reports: Balancer officially announced that BAL holders have voted to approve the BIP-928 orderly wind-down proposal, while the competing proposal BIP-929 was not passed. Existing liquidity pools will continue to operate normally until October 30, during which users may withdraw funds at any time.According to the plan, October 16 is the deadline for partners to apply for designated V3 pools to extend operations until November 30; starting October 30, where contracts permit, the relevant pools will transition to withdrawal-only, and the bug bounty program will conclude; on November 30, the V3 Vault will be officially paused.

Odaily Report: Token holders of DeFi protocol Balancer have voted to approve a protocol liquidation plan and rejected a proposal to launch an official fork chain. Under the plan, pausable pools will transition to withdrawal-only mode starting October 30; BAL holders will need to wait until the end of May 2027, at which point they can redeem their tokens for protocol treasury assets.

Odaily Report: The Balancer community has proposed a "Fork and Reincarnate" proposal, aiming to continue its technology and ecosystem through an official fork in the event that the protocol may be shut down, and to position the new protocol as a tokenized stock trading platform. The proposal suggests that MAXYZ lead the establishment of a new official fork entity, migrating part of the liquidity, team members, partners, users, and intellectual property, while delaying the pause timeline for existing pools and the Vault to Q2 2027.Regarding funding, the proposal plans to use approximately 6 million uncirculated BAL remaining from Balancer as seed funding for the new project, worth about $690,000 at current prices; if the new protocol conducts a token issuance or other liquidity exit event in the future, the Balancer treasury will receive 10% of the new protocol token's fully diluted valuation in advance. The proposal also plans to grant the new fork a perpetual, irrevocable, non-exclusive license to Balancer-related intellectual property.

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.

Odaily News According to on-chain detective Specter's monitoring, Balancer appears to have suffered a V1 attack. An attacker is continuously transferring funds and has profited $250,000 so far. The relevant address is 0x112...E0aE.

According to Odaily, on September 4, Balancer stated that its team had sent an on-chain message to the wallet associated with the August 31 Balancer V1 vulnerability attack, offering a bounty in exchange for the return of the stolen funds, and promising not to pursue legal action for the return itself if conditions are met. If the other party fails to respond before 5:00 AM on September 9, Balancer will take technical, on-chain, and legal measures to track down the attacker. The incident resulted in losses of approximately $234,000.

Odaily News: Balancer has announced that a vulnerability has been discovered in its legacy Balancer v1 contracts, which could potentially lead to LP funds being drained. The affected liquidity pools have been deprecated and cannot be paused, so users are advised to withdraw their liquidity as soon as possible. Other Balancer products are not impacted.

Odaily reported that 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.

Odaily reported that, 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 EmberCN's monitoring, the Balancer hacker started swapping ETH for BTC via THORChain yesterday. So far, 14,300 ETH have been converted into 419.3 BTC ($32.51 million). Currently, the hacker still holds 7,700 ETH on the Ethereum chain and 419.3 BTC on the Bitcoin chain, with a total value of $50.4 million. The assets stolen in November last year were worth $98 million at the time, but have since depreciated significantly due to ETH being priced at around $3,600 back then.