PANews reported on November 8 that Balancer tweeted that it sent an on-chain message on Wednesday (November 5) to all known addresses involved in the attack, providing the hackers with a way to contact them and return the funds. "Balancer hopes to resolve the issue without escalating the process. If you are willing to cooperate, please reply to this message and contact us before 5:00 AM (UTC+8) on November 9th. Failure to reply by then will be considered an unwillingness to assist in compensating liquidity providers for their losses, and the process will be escalated." "Balancer proposes: Returning funds to the DA0 multisignature address in exchange for a bounty. Specific details will be negotiated privately. Balancer will not take legal action or investigative measures after confirming that the returned funds meet the relevant standards. If this proposal is not accepted or a timely response is not received, Balancer will use all technical, on-chain, and legal means to identify and hold the attacker accountable. In this case, the bounty will be used to reward verified informants who help identify and ultimately prosecute the attacker." Previous reports indicated that Balancer's losses from the attack had risen to $116.6 million .PANews reported on November 8 that Balancer tweeted that it sent an on-chain message on Wednesday (November 5) to all known addresses involved in the attack, providing the hackers with a way to contact them and return the funds. "Balancer hopes to resolve the issue without escalating the process. If you are willing to cooperate, please reply to this message and contact us before 5:00 AM (UTC+8) on November 9th. Failure to reply by then will be considered an unwillingness to assist in compensating liquidity providers for their losses, and the process will be escalated." "Balancer proposes: Returning funds to the DA0 multisignature address in exchange for a bounty. Specific details will be negotiated privately. Balancer will not take legal action or investigative measures after confirming that the returned funds meet the relevant standards. If this proposal is not accepted or a timely response is not received, Balancer will use all technical, on-chain, and legal means to identify and hold the attacker accountable. In this case, the bounty will be used to reward verified informants who help identify and ultimately prosecute the attacker." Previous reports indicated that Balancer's losses from the attack had risen to $116.6 million .

Balancer has issued an on-chain appeal to the hackers, demanding that they return the funds by November 9th in exchange for a bounty.

2025/11/08 08:41

PANews reported on November 8 that Balancer tweeted that it sent an on-chain message on Wednesday (November 5) to all known addresses involved in the attack, providing the hackers with a way to contact them and return the funds.

"Balancer hopes to resolve the issue without escalating the process. If you are willing to cooperate, please reply to this message and contact us before 5:00 AM (UTC+8) on November 9th. Failure to reply by then will be considered an unwillingness to assist in compensating liquidity providers for their losses, and the process will be escalated." "Balancer proposes: Returning funds to the DA0 multisignature address in exchange for a bounty. Specific details will be negotiated privately. Balancer will not take legal action or investigative measures after confirming that the returned funds meet the relevant standards. If this proposal is not accepted or a timely response is not received, Balancer will use all technical, on-chain, and legal means to identify and hold the attacker accountable. In this case, the bounty will be used to reward verified informants who help identify and ultimately prosecute the attacker."

Previous reports indicated that Balancer's losses from the attack had risen to $116.6 million .

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Evernorth’s XRP Losses Signal Growing Pressures on Crypto Treasury Firms

Evernorth’s XRP Losses Signal Growing Pressures on Crypto Treasury Firms

The post Evernorth’s XRP Losses Signal Growing Pressures on Crypto Treasury Firms appeared on BitcoinEthereumNews.com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → Evernorth’s XRP investment has resulted in approximately $78 million in unrealized losses amid a month-long cryptocurrency market downturn, highlighting the vulnerabilities of digital asset treasury companies (DATs). This pressure stems from volatile prices affecting altcoins like XRP, impacting firms heavily exposed to such assets. Evernorth acquired significant XRP holdings just before a price drop, leading to substantial unrealized losses. Other DATs, like MicroStrategy, face share declines of over 26% in the past month due to Bitcoin’s retreat. BitMine reports nearly $2.1 billion in unrealized losses on Ethereum reserves, with 3.4 million ETH held, including 565,000 acquired recently. Discover how Evernorth’s XRP losses signal rising pressure on digital asset treasury companies amid crypto volatility. Explore DAT challenges and strategies for resilience. Stay informed on market impacts today. What Are Evernorth’s XRP Investment Losses and Their Impact? Evernorth’s XRP investment losses currently stand at around $78 million in unrealized terms, triggered by a sharp decline in XRP’s price following the company’s recent large-scale acquisitions. This situation underscores the risks for digital asset treasury companies (DATs) that allocate significant portions of their…
Share
BitcoinEthereumNews2025/11/08 11:15