Balancer Team: Normal Operations Concluded on October 31; Closure Procedures Follow
Original headline밸런서 팀, 10월 31일 정상 근무 종료…폐쇄 절차 이어져
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Balancer's team marked its last regular working day on October 31 as the protocol proceeds through a staged shutdown under BIP-928, following a hack, fund recovery efforts, and a team restructuring. Core contributor Marcus Hardt confirmed the wind-down continues and directed users to official channels for withdrawal guidance. Most of Balancer's liquidity pools were switched to withdrawal-only mode starting October 30, blocking new deposits and general trading, and the bug bounty program rewarding the researcher who reported the vulnerability ended the same day. The move effectively ends Balancer's run as one of DeFi's longest-standing automated market maker protocols on Ethereum and EVM chains. What to watch next: the pace of user withdrawals, remaining recovery of hacked funds, and any final governance actions as the shutdown procedure completes.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Balancer (BAL), Marcus Hardt
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