Berachain Foundation Recovers $12.8M from Exploit
- The Berachain Foundation recovered $12.8 million after an exploit affected its native decentralized exchange (DEX), Bex, and Balancer V2.
- A white hat hacker coordinated with the foundation to facilitate the asset recovery.
- The recovered funds were returned to the Berachain Foundation Deployer address.
- Berachain implemented a hard fork binary for validators to prevent unauthorized transfers of exploited assets.
- The foundation worked with key infrastructure partners, including oracle providers, to ensure operational readiness before relaunching the chain.
The Berachain Foundation successfully recovered $12.8 million from an exploit affecting its native DEX, Bex, and Balancer V2. The recovery was facilitated by a white hat hacker and involved implementing a hard fork to secure the assets.
Source (3.2)https://cryptobriefing.com/berachain-funds-recovered-bex-balancer-exploit/?rand=59535