Tag: Balancer

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Balancer Labs to shut down following $110 million exploit, co-founder says in DAO post

The company that built decentralized finance (DeFi) powerhouse Balancer is closing.Balancer co-founder Fernando Martinelli announced Tuesday that Balancer Labs, the corporate entity that incubated...

Balancer Labs Shuts Down, Protocol to Continue

Balancer Labs, the team behind the decentralized finance protocol Balancer, is shutting down after mounting financial pressure and a $116 million hack in November, with...