Gnosis Hard Fork Returns Balancer Stolen Funds, Sparks Controversy

According to ChainCatcher, The Defiant reports that Gnosis Chain announced a hard fork on December 22 to return the $9.4 million frozen during the Balancer hack incident. Last month, Balancer was attacked, resulting in a loss of $128 million. Gnosis had already frozen some funds through a soft fork at that time, and now a hard fork is needed to unlock and return the funds to users. This decision has sparked heated debate within the community. Supporters believe it demonstrates accountability, while opponents question whether it violates the principle of “code is law” and damages the immutability of the blockchain. Infrastructure chief Schommers emphasized that voter approval is required and that it will not affect the on-chain history. DeFi operator Ignas pointed out that the soft fork has already compromised immutability. The GNO token fell 3% to $115, highlighting the dilemma between security and decentralization principles in DeFi.