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.
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
ETF Investors Stood Strong During BTC Crash; HOLDers Showed Weak Hands, Says Analyst
Despite a turbulent October that saw Bitcoin’s price plunge by 20% amid a historic crypto market crash, Bitcoin ETFs have surprisingly experienced a modest rebound in investor interest. Following weeks of persistent outflows, recent data indicates that ETFs are beginning to attract fresh capital, signaling a potential shift in sentiment among institutional and retail investors [...]
Share
Crypto Breaking News2025/11/08 05:10
Hassett Criticizes Fed’s Rate Cuts as Possible Political Tool
The post Hassett Criticizes Fed’s Rate Cuts as Possible Political Tool appeared on BitcoinEthereumNews.com. Key Points: Hassett voices concern over Fed’s rate cuts and potential politicization. Remarks spark discussions in traditional finance and crypto circles. Heightened market volatility noted, impacting BTC and ETH prices. Kevin Hassett, Director of the White House National Economic Council, expressed disappointment on November 7th with the Federal Reserve’s rate cuts, suggesting potential political influence. Hassett’s remarks have raised concerns about monetary policy independence, impacting both traditional and crypto markets, as volatility and liquidation arise amidst heightened uncertainty. Hassett Questions Fed’s Independence Amid Rate Cuts Kevin Hassett has publicly criticized the Federal Reserve’s recent rate cuts, labeling them as potentially politically driven decisions. “Monetary policy, including the Federal Reserve, should be fully independent of political influence, including President Trump,” Hassett remarked on “Face the Nation”. His concern about the politicization of monetary policy has intensified due to ongoing U.S. economic strategies and legislative hurdles. Hassett’s remarks come amid a government shutdown, which he believes could deepen economic challenges. Market reactions include significant unrest and debate among financial communities. Crypto circles also noted increased volatility, reflecting in major fluctuations in BTC and ETH values. These reactions suggest increased skepticism towards Federal Reserve decisions and broader U.S. financial strategies. Financial markets have responded with apprehension, causing fluctuations in traditional assets. BTC and ETH saw increased volatility, while other assets experienced similar patterns. Government officials and financial experts continue to analyze long-term implications. Crypto Turbulence Unveils Macroeconomic Concerns Did you know? Kevin Hassett’s recent criticism of the Federal Reserve echoes historical debates on central bank independence, reminiscent of similar challenges faced during past administrations, notably affecting market stability. Bitcoin’s current market analysis from CoinMarketCap shows that BTC is priced at $102,529.90 with a market cap over $2.05 trillion. In recent days, BTC experienced a 0.81% price change over the last 24 hours and…
Share
BitcoinEthereumNews2025/11/08 04:50
Fed Governor Miran calls stablecoins ‘a force to be reckoned with’ that could put downward pressure on interest rates
Stablecoins are an "area of enormous growth," said Fed Governor Stephen Miran as he spoke about cryptocurrency for the first time.
Share
Coinstats2025/11/08 05:12