Gnosis executed a hard fork to recover the $116 million lost in the Balancer hack.

Odaily reports that Gnosis Chain underwent a hard fork this week in an effort to recover the $116 million stolen during the Balancer security breach in November. The affected funds are now out of the hackers' control and have been transferred to wallets controlled by the DAO.

This hard fork follows a soft fork adopted by a majority of validators in November to limit losses. Balancer previously disclosed that its V2 Composable Stable Pools were attacked, resulting in losses exceeding $116 million. Although white-hat hackers have recovered approximately $28 million, most of the funds remained inaccessible. Philippe Schommers, Head of Infrastructure at Gnosis, stated that the community will subsequently determine the allocation and compensation of funds through governance.