Balancer proposes winding down and returning treasury assets to BAL holders

CryptoSlate reports that Balancer is proposing an orderly shutdown after failing to revive revenue following a $128 million exploit. The outlet puts the protocol’s total value locked at about $58 million, down from more than $3 billion, with BAL holders set to vote September 25–29, 2026. Crypto.news says the proposal would return remaining treasury assets to BAL holders, roughly six months after Balancer Labs shut down following the November 2025 exploit.