Gnosis announced a planned hard fork to activate at 16:11 UTC on Dec. 22 to return user funds frozen after the Balancer V2 exploit. The hard fork follows an emergency soft fork that froze about $9.4M of the $128M stolen from Balancer pools. Validators that do not update their software will be penalized if they do not follow the majority stake. Supporters say the intervention prioritizes user security; critics warn it undermines immutability. GNO fell about 3% to ~$115 after the announcement.

Hard fork date/time is fixed (Dec. 22, 16:11 UTC) and includes penalties for non-updating validators; the action follows an emergency soft fork that froze ~$9.4M of $128M stolen; the announcement coincided with a ~3% drop in GNO. These concrete governance actions and the token price reaction make the news moderately market-relevant and slightly negative in sentiment.