{"id":13522,"date":"2026-09-21T16:03:51","date_gmt":"2026-09-21T16:03:51","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13522"},"modified":"2026-09-21T16:03:51","modified_gmt":"2026-09-21T16:03:51","slug":"balancer-v1-recovery-proposal-splits-296-4-eth-across-120-pools","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13522","title":{"rendered":"Balancer V1 recovery proposal splits 296.4 ETH across 120 pools"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim.<\/p>\n<p>The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to the Balancer DAO Multisig between Sept. 8 and Sept. 16 from the main greyhat, three anonymous whitehats and block builder Ultrasound.money.<\/p>\n<p>The 296.401711 ETH is the amount the proposal records as returned, not a promise of full reimbursement. The attack loss is expressed in dollars at historical prices while the recovery pool is denominated in ETH, and the proposal does not state a recovery percentage.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">What&#8217;s happening to DeFi? $231M was just drained but $19M clawed back<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>How Balancer would allocate the recovered ETH<\/h2>\n<p>Under the plan, Balancer would first allocate recovered ETH to each pool according to that pool\u2019s share of the total dollar loss at the time of the attack. It would then divide each pool\u2019s allocation among liquidity providers based on their pool-token holdings at Ethereum block 25,872,248.<\/p>\n<p>That block immediately preceded the first exploit transaction at block 25,872,249. Using one pre-attack snapshot would cover all 120 pools, including those later targeted by copycat activity.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-564363\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-26586e4c-030d-4e05-8db2-3f53b2c4ed0f.png\" alt=\"Infographic explaining the Balancer V1 recovery proposal\u2019s pending two-stage allocation of 296.401711 ETH across 120 affected pools and eligible liquidity providers.\" width=\"720\" height=\"900\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter wp-image-564363\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-26586e4c-030d-4e05-8db2-3f53b2c4ed0f.png\" alt=\"Infographic explaining the Balancer V1 recovery proposal\u2019s pending two-stage allocation of 296.401711 ETH across 120 affected pools and eligible liquidity providers.\" width=\"720\" height=\"900\"\/><\/p>\n<p>The formula determines the relative weighting of claims, but the Sept. 18 post does not include the per-pool allocation table, holder lists or per-address amounts. Until those files are published, an individual LP cannot calculate an exact ETH payout.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">How 11 audits couldn&#8217;t stop Balancer&#8217;s $128 million hack redefining DeFi risks<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>Claims await a vote and address-level data<\/h2>\n<p>Receiving the proposed payment would also carry a legal condition. Claimants would have to provide digital consent releasing Balancer Labs, Balancer DAO, Balancer Foundation, affiliated parties and service providers from liabilities related to the incident. Payments would be made in ETH, while contract and multisig claims would be handled case by case.<\/p>\n<p>As of Sept. 20, the Sept. 18 forum post remained labeled BIP-XXX and contained no Snapshot vote link. It says claim data would be published and a claim mechanism deployed only if the proposal passes, leaving the V1 claim window unopened and without announced start or end dates.<\/p>\n<p>The recovery pool is separate from the assets covered by Balancer\u2019s proposed shutdown. Its wind-down proposal says funds recovered from protocol attacks belong to affected LPs and sit outside the treasury distribution intended for BAL holders, a distinction also noted in CryptoSlate\u2019s earlier coverage.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">A DeFi giant that once held $3 billion is now proposing to wind itself down<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>That separation preserves recovered exploit funds for LPs, but the pending vote and unpublished allocation data mean the Balancer V1 recovery proposal defines a recovery route, not a confirmed payout.<\/p>\n<\/div>\n<p>DeFi,Featured,Hacks,balancer,ethereum,paymentsbalancer,ethereum,payments#Balancer #recovery #proposal #splits #ETH #pools1790006631<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim. The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to<\/p>\n","protected":false},"author":1,"featured_media":13523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[4817,601,31,167,2934,1008,662,4294],"class_list":["post-13522","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-balancer","tag-eth","tag-ethereum","tag-payments","tag-pools","tag-proposal","tag-recovery","tag-splits"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Balancer V1 recovery proposal splits 296.4 ETH across 120 pools - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Balancer\u2019s V1 recovery proposal would allocate 296.401711 ETH across 120 legacy pools, but claim data and a claim window await a vote.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13522\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balancer V1 recovery proposal splits 296.4 ETH across 120 pools\" \/>\n<meta property=\"og:description\" content=\"Balancer\u2019s V1 recovery proposal would allocate 296.401711 ETH across 120 legacy pools, but claim data and a claim window await a vote.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13522\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-21T16:03:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/balancer-recovery-waterways.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13522\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13522\",\"name\":\"Balancer V1 recovery proposal splits 296.4 ETH across 120 pools - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13522#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13522#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/balancer-recovery-waterways.webp\",\"datePublished\":\"2026-09-21T16:03:51+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Balancer\u2019s V1 recovery proposal would allocate 296.401711 ETH across 120 legacy pools, but claim data and a claim window await a vote.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13522#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13522\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13522#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/balancer-recovery-waterways.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/balancer-recovery-waterways.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13522#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Balancer V1 recovery proposal splits 296.4 ETH across 120 pools\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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