Oh, how delightful! The Berachain Foundation has confirmed the recovery of $12.8 million-stolen during the BEX/Balancer v2 exploit. A most satisfactory outcome, if you’ll permit me to say so. 🕵️♂️💸
A most urgent hard fork was distributed, addressing a vulnerability in their decentralized exchange. One might say it’s a ‘hard’ fork, but not in the literal sense. 🚀
Berachain Recovers Funds
The Berachain Foundation has recovered all the funds ($12.8 million) stolen during the BEX/Balancer v2 exploit. The recovered funds have been returned to the Berachain Foundation Deployer. The Foundation also thanked the white hat hacker who worked with the Berachain team to make the recovery possible. However, it noted that users may encounter some irregularities in reported APRs across the chain. 😅
“We are overjoyed to confirm that all funds (approx $12.8m) from the BEX / Balancer v2 exploit have been returned to the Berachain Foundation Deployer. We’d like to thank the white hat who worked with us-what a charming fellow! We’ll ensure his wallet is unlabelled as malicious, and perhaps a bounty, as a token of our appreciation. 🎁”
The Foundation is working with infrastructure providers to ensure updates. A most meticulous process, I’m sure. 🧠
“We will be working with infra providers to ensure that key infra is up to date (RPCs, oracles, dev tooling, block explorers, etc) over the next few hours, at which point we’ll proceed with more detailed comms about next steps.”
Berachain Distributes Hard Fork
The Foundation distributed an emergency hard fork binary to validators. A most necessary measure, I’m sure. 🛠️
“Before going live and producing blocks once again, we’d like to ensure that core infrastructure partners necessary for chain operations … have updated their RPCs, so at this point they will be our main blocker to resuming liveness.”
Berachain validators halted the network on November 3, after Balancer v2 was hacked. A most unfortunate incident, but all is well that ends well. 🧙♂️
The BEX Vulnerability
According to blockchain analytics firm Nansen, the exploit was due to a faulty access-control mechanism. How very clever of the attacker! 🤡
“Given that it affected non-native assets (not just BERA), the rollback/rollforward involves more than a simple hardfork, hence the halt as a full solution is finalized.”
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2025-11-05 18:33