Balancer Proposes Wind-Down, Treasury Distribution to BAL Holders

The proposal formalises what the earlier corporate shutdown left unresolved: a protocol whose operating entity is already gone now moves to dissolve its remaining treasury rather than attempt a restart. That matters less for BAL holders' eventual payout than for the precedent it sets — a 2025 exploit of this size proving terminal for a long-running DeFi name, and a wind-down treated as the orderly path rather than a failure to recover. Whether other post-exploit protocols follow the same route, and how holders are treated in the distribution, is the open question.