XT BLOG

Balancer Labs will shut down as corporate entity became ‘a liability’ after $110 million exploit

Balancer Labs will shut down as corporate entity became ‘a liability’ after $110 million exploit

2026-03-24

Co-founder Fernando Martinelli said he considered winding down the entire protocol but decided the team deserved a chance to restructure, with the DAO targeting zero emissions, fee restructuring, and a BAL buyback to offer holders a fair exit.

Share Post
🔍
guide
Sign up for free and begin your crypto journey.