Ethereum staking protocol StakeWise presented that it has successfully recovered a substantial allotment of osETH and osGNO tokens stolen in the Balancer V2 hack.
The attackers performed a cultured brand manipulation attack on Balancer over several hours on Monday. The attack primarily focused ETH-connected liquidity tokens, with total confirmed losses estimated to exceed $120 million.
Attack Targets Balancer V2 ‘Actual’ Pools
StakeWise stated that the exploit affected conditions and forked versions of the V2 contract vigorous all the blueprint by blueprint of all chains. The company mighty that the “stable” swimming pools suffered essentially the most severe impact.
Utilizing an emergency multisig transaction, StakeWise recovered 5,041 osETH ($19 million) and 13,495 osGNO ($1.7 million) from the Balancer hackers. The recovered tokens signify 73.5% of the stolen osETH and 100% of the osGNO, and the funds are slated to be returned to the victims.
TL:DR StakeWise excellent contracts, including osETH and osGNO, are now not stricken by the sad Balancer V2 exploit. pic.twitter.com/XKO8rze7mU
— StakeWise (@stakewise_io) November 3, 2025
Recovery Boosts ETH Sentiment
The Balancer exploit had an unfavourable ripple develop on several crypto prices. The bulk of tokens were ETH-connected, so Ethereum suffered complicated hits. Per CoinGecko files, the Ethereum brand dropped over 8% on Monday.
Traders and traders now question whether or now not StakeWise’s announcement will velocity up ETH’s recovery. Optimistic prediction dictates that the likely of immense quantities of stolen tokens being dumped onto the start market for money has severely diminished. As of Tuesday morning in Asia, the ETH brand modified into trading round the $3,640 brand, up 1.1% from Monday.
StakeWise Protocol Stays Actual
StakeWise emphasized that its excellent contracts and the osETH token were safe. Furthermore, the osETH–Aave ETH liquidity pool—an incentivized pool managed by the StakeWise DAO—remained unaffected on story of it utilized the more contemporary Balancer V3 version, which modified into proof against the instruct exploit.
StakeWise warned that osETH liquidity would hasty decrease as liquidity companies withdraw funds from the affected pool for security reasons. This mass withdrawal would possibly well well honest hasty cause immense market gross sales of osETH to interchange beneath the protocol’s fastened osETH change rate.
Nevertheless, for the reason that core StakeWise protocol remains uncompromised, users can restful safely burn osETH on the internal change rate and proceed with the ETH unstaking path of.
