The backbone of DeFi protocols is coordinating to rescue some $300,000 in cryptocurrencies that were frozen in the biggest hack of 2023. The cryptocurrency’s owner, Inverse Finance, fears that arbitrageurs are preparing to grab the coins once the freeze is unblocked on June 8. A plan outlined on Tuesday would see the automated market maker Balancer perform “permission arbitrage” on its “bb-e-USD” pool “before anyone else can get their hands on it,” according to a forum thread from Balancer management. In mid-March, when the lending platform Euler Finance lost $200 million to hackers, Balancer urgently froze the fund pool (later the hackers returned the funds). Currently under discussion, the plan needs to be approved by members of the Balancer community, as the DeFi protocol will have to modify its mechanics. The organizers plan to hold a second vote on the allocation of recovered tokens after the arbitrage is complete.