Balancer Labs will shut down as corporate entity became 'a liability' after $110 million exploit

Co-founder Fernando Martinelli said he considered winding down the entire protocol but decided the team deserved a chance to restructure, with the DAO targeting zero emissions, fee restructuring, and a BAL buyback to offer holders a fair exit.

source https://www.coindesk.com/tech/2026/03/24/balancer-labs-will-shut-down-as-corporate-entity-became-a-liability-after-usd110-million-exploit