Balancer initiated a white-hat recovery effort and transferred approximately $4.1 million to a controlled escrow account.

Odaily Planet Daily reports that Balancer issued a statement on the X platform stating that, regarding the recent Balancer V2 stablecoin pool incident, the Balancer team has initiated a white-hat recovery operation and transferred approximately $4.1 million in funds to a controlled escrow account for reconciliation and returns. This incident only affected the Balancer V2 stablecoin pool; Balancer V3 was unaffected. Balancer reminds its community users to be wary of phishing attacks and to refrain from any operations with the listed pools for the time being. Further updates will be provided after reconciliation is completed.