PANews reported on November 5th that the Berachain Foundation announced early this morning that approximately $12.8 million in funds stolen from the BEX/Balancer V2 vulnerability has been fully recovered and returned to the foundation's deployed wallet. The team expressed gratitude to the white-hat hackers who assisted in recovering the funds and plans to remove the malicious label from their addresses, and is considering awarding a bounty as a token of appreciation. Currently, all BEX functions (including exchange, withdrawal, deposit, etc.) remain restricted, while the minting and redemption of HONEY have resumed. Due to the suspension of BGT and incentive distribution over the past 24 hours, on-chain APR displays may show anomalies. Regarding the allocation of affected funds, the Berachain core team is developing a system to attribute and distribute them to the original user addresses one by one. BEX deposits unaffected by the vulnerability are currently also inaccessible; the team stated this is out of an abundance of caution and they are closely monitoring Balancer's follow-up investigation to ensure all user funds are safely returned as soon as possible.PANews reported on November 5th that the Berachain Foundation announced early this morning that approximately $12.8 million in funds stolen from the BEX/Balancer V2 vulnerability has been fully recovered and returned to the foundation's deployed wallet. The team expressed gratitude to the white-hat hackers who assisted in recovering the funds and plans to remove the malicious label from their addresses, and is considering awarding a bounty as a token of appreciation. Currently, all BEX functions (including exchange, withdrawal, deposit, etc.) remain restricted, while the minting and redemption of HONEY have resumed. Due to the suspension of BGT and incentive distribution over the past 24 hours, on-chain APR displays may show anomalies. Regarding the allocation of affected funds, the Berachain core team is developing a system to attribute and distribute them to the original user addresses one by one. BEX deposits unaffected by the vulnerability are currently also inaccessible; the team stated this is out of an abundance of caution and they are closely monitoring Balancer's follow-up investigation to ensure all user funds are safely returned as soon as possible.
The Berachain Foundation has confirmed that all stolen funds have been recovered. BEX functionality will be temporarily restricted to ensure user security.
PANews reported on November 5th that the Berachain Foundation announced early this morning that approximately $12.8 million in funds stolen from the BEX/Balancer V2 vulnerability has been fully recovered and returned to the foundation's deployed wallet. The team expressed gratitude to the white-hat hackers who assisted in recovering the funds and plans to remove the malicious label from their addresses, and is considering awarding a bounty as a token of appreciation.
Currently, all BEX functions (including exchange, withdrawal, deposit, etc.) remain restricted, while the minting and redemption of HONEY have resumed. Due to the suspension of BGT and incentive distribution over the past 24 hours, on-chain APR displays may show anomalies.
Regarding the allocation of affected funds, the Berachain core team is developing a system to attribute and distribute them to the original user addresses one by one. BEX deposits unaffected by the vulnerability are currently also inaccessible; the team stated this is out of an abundance of caution and they are closely monitoring Balancer's follow-up investigation to ensure all user funds are safely returned as soon as possible.
Market Opportunity
Ambire Wallet Price(WALLET)
$0.01503
$0.01503$0.01503
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny
The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement
PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
Vitalik Buterin’s Minor Token Sales Underscore Ethereum’s Portfolio Dominance
The post Vitalik Buterin’s Minor Token Sales Underscore Ethereum’s Portfolio Dominance appeared on BitcoinEthereumNews.com. Vitalik Buterin recently sold small
Share
BitcoinEthereumNews2025/12/21 05:14