Balancer protocol winddown proposal stories

Sep 15, 2026

Balancer considers shutdown after $130M hack, token holders to vote on $9M treasury distribution

Decentralized exchange Balancer is proposing to shut down following a $130 million hack, with BAL token holders scheduled to vote September 25-29 on whether to claim proportional shares of over $9 million in remaining treasury assets or forfeit their claims.

Sep 15, 20262 sources

Sep 14, 2026

Balancer proposes protocol shutdown and treasury distribution to BAL holders

Balancer, a major DeFi protocol, proposed winding down operations and distributing its approximately $9 million treasury to BAL token holders starting May 2027. The proposal would pause pools in October and cancel approved buybacks after the protocol failed to achieve sustainable revenue despite restructuring efforts.

Sep 14, 20266 sources