StreamDefi Partners with Balancer to Launch Four StableSurge Pools Across Multiple Chains

**Balancer team executed a whitehat recovery operation** securing approximately **$4.1M** from vulnerable V2 meta-stable pools following the discovery of a new value-extraction path. **Key Details:** - Recovery initiated at 7PM UTC in coordination with Certora and SEAL Org - Funds now in controlled custody for reconciliation and return to users - **Multiple chains affected:** Ethereum, Optimism, and Arbitrum - **V3 pools remain unaffected** by this vulnerability **Affected Pools:** - 4 pools on Ethereum mainnet - 2 pools on Optimism (with Beethoven X) - 1 pool on Arbitrum **User Advisory:** - **Do not interact** with listed pools until further guidance - Only follow official Balancer channels for updates - Beware of phishing attempts during this incident This follows the recent $128M exploit that affected Balancer V2 stable pools across multiple chains. The team is working on reconciliation and will provide verified updates as the process completes.

**Balancer Labs proposes deprecating v2 stable pools** following recent security events. **Key changes:** - All liquidity providers urged to **migrate to v3** - v2 pool factories will be disabled - **v3 remains fully operational** and unaffected This is a **preventive measure** taken out of abundance of caution. The proposal aims to enhance security by consolidating liquidity on the newer, more secure v3 platform. **What LPs need to do:** - Remove liquidity from v2 stable pools - Migrate funds to v3 pools - Monitor the [governance proposal](https://forum.balancer.fi/t/bip-xxx-transitioning-to-balancer-v3-disabling-v2-pool-factories/6874) for updates Balancer emphasizes this is a **proactive security step**, not a response to immediate threats to v3.

**Balancer reached out directly to the hacker** following Monday's exploit of their v2 pools. The team sent an **on-chain message to all known addresses** involved in the incident, offering a communication path for fund recovery. **Key developments:** - Investigation ongoing with high priority - Direct contact attempt made with exploiter - Users awaiting further updates - Team following security best practices Balancer warns users to **avoid scam attempts** that may appear in response to the incident. The protocol continues gathering information and promises updates as the investigation progresses.

**Plasma Protocol achieved over $100M in Total Value Locked (TVL) within just 24 hours of deployment.** Key highlights: - Protocol launched and immediately attracted significant capital - Liquidity flows directly into Aave vaults to boost yields for liquidity providers - Aave simultaneously reached $4B+ TVL during the same period The rapid adoption demonstrates strong market demand for the protocol's yield-boosting mechanism. By channeling funds into established Aave infrastructure, Plasma creates additional earning opportunities for participants while leveraging proven DeFi protocols.