Balancer Labs to shut down after $128 million exploit; protocol eyes 'lean' restructuring
Balancer Labs to shut down after $128 million exploit; protocol eyes 'lean' restructuring
Balancer protocol’s corporate entity is shutting down after over $128 million was drained in an exploit last November.Its co-founder, Fernando Martinelli, said the protocol will continue to operate after restructuring to attain a “lean” economic model.