The Decentralized Autonomous Organization (DAO) behind troubled DeFi protocol Balancer has issued a notice to the wallet behind a $128 million heist of the money maker project. The Balancer DAO is requesting that the hackers cooperate to resolve the situation or face an escalation in any form necessary.
The DAO said:
We understand this wallet is linked to the exploit of Balancer V2 Composable Stable Pools on Nov 3rd. We are treating this as an opportunity for cooperation and would prefer to resolve this without escalation.
If you are willing to cooperate, reply to this message and begin contact procedures before November 8th, 21:00 UTC. If we do not hear from you by that time, we will assume you are unwilling to help make the liquidity providers whole and will escalate our response.
Notably, the message also includes an offer of a bounty, which allows the hacker to keep a percentage of the loot legally.
The DAO added:
We would like to extend you an offer: return the funds to the DAO multisig address in exchange for a bounty. The details of this offer shall be arranged privately. Upon verification that the returned funds meet the criterias, Balancer will not pursue legal action or investigative steps aimed at identifying or prosecuting the owner of the returning wallet that are based solely on the fact of the return.
With no reply by the specified deadline, the governing body intends to employ all technical, on-chain, and legal means to identify the attacker and initiate a persecution. Interestingly, they have also warned that the bounty offer will be given as a reward to any potential informant with relevant information on the attackers.
At the time of writing, BAL, the native token of Balancer, is now trading at $0.8547 following a 4.54% gain in the last day. However, the negative sentiment surrounding the recent hack amid a broader market correction is reflected in its weekly loss of 13.26%.
Featured image from Securities.io, chart from Tradingview.com
