A decision to rewrite a blockchain’s recent history to make users whole is exposing fault lines over governance, and precedent on Gnosis Chain.
In a governance forum post on Dec. 12, Philippe Schommers, Gnosis’s head of infrastructure, said the network would need to undergo a hard fork to return funds frozen during the recent exploit of DeFi protocol Balancer.
If everything goes according to plan and validators update their software on time, the hard fork is expected to activate at 16:11 UTC on Dec. 22. Nodes that fail to follow the chain with a majority of stake “will get penalized,” Schommers wrote, adding that the team is currently focused on returning user funds by Christmas.
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