A group of decentralised finance (DeFi) protocols is working together to recover over $300,000 in cryptocurrency that was locked during the greatest attack of 2023. Inverse Finance, the cryptocurrency’s owner, is concerned that arbitrageurs may rush to seize the stockpile when it unfreezes on June 8. According to a forum post from Balancer’s governance head, a proposal revealed Tuesday would see the automated market maker Balancer conduct a “permissioned arbitrage” of its “bb-e-USD” pool “before anyone else can get to it.” Balancer had frozen the pool on an emergency basis in mid-March after the borrow and lend platform Euler Finance was hacked and lost $200 million (which was later refunded).