Gnosis Chain Does Somersault to Save $9.4M – But Can You Trust the Tumbling DAO? 🕺💰

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Gnosis Chain, that rather overdesigned digital ledger, has executed a chef’s kiss hard fork to reclaim a portion of funds frozen during the Balancer fiasco. Because, why not stage a blockchain ballet to tidy up after a hack? 🤷🏻♀️

“We shall strive for blindness! Or is it transparency? Or a cocktail of both?” His solution? A “rescue mission” that feels less heroic and more a middle-aged man gasping at a juggling act. 🪄💃

Why Probability Met Certainty in a Blockchain Ruckus

After Balancer’s wallet-draining spectacle-$128M flushed like a particularly rude toilet-Gnosis decided to whitelist hackers… to freeze their wallets! nói;

A soft fork, it said, to “unplug” those devils. But this left funds stuck in crypto limbo, like a birthday cake in the delivery van. 🎂🛑

To resurrect this stale béarnaise of transactions, Gnosis had no choice but to execute a hard fork-history’s most controversial backstage pass. The move requires every node operator to upgrade immediately, as if last week’s code isn’t already wonderful. 😆

Some cried “rescue operation!” while others groaned, “You’ve butchered immutability!” because nothing says “blockchain” like admitting you can reverse bad decisions. 🤬

MichaelRealT, that sage of forums, warned: “Define the process, or I’ll sit here all day. Don’t be arbitrary! That’s what jam does!” They added, “Validators should enforce rules, not play chess with your chain’s identity.” Because nothing says progress like waving a white flag while hacking. 🕊️💻

TheVoidFreak, whose username suggests existential dread, sputtered: “If you can overwrite blockchain’s state, what’s to stop the DAO from doing this weekly? Next stop: Central Bank of Gnosis. Welcome to the circus!” 🎪💸

Recovery: Because Even Hacks Need an After-Party

Post-exploit, recovery efforts have been conducted with the coordination of a toddler and a tea party. StakeWise claimed $19M back-well done, osETH. Berachain rejoiced, too, after hackers voluntarily returned $12.8M because the passwords expired in their fancy Halloween costumes. 🎃👻

Balancer, for its part, proposed returning $8M to liquidity providers-as if handing back a tea cup at a social gathering with no one quite knowing who spilled the tea. 🫖🫠

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2025-12-24 11:05