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Berachain Validators Halt Network for Emergency Hard Fork After Exploit

Berachain Validators Halt Network for Emergency Hard Fork After Exploit

Berachain Foundation recovered $12.8M from the BEX/Balancer v2 exploit through a hard fork and coordinated chain restart, marking a major step in restoring platform security.

Summary

Berachain Foundation has secured the recovery of $12.8 million from the recent BEX/Balancer v2 exploit. The funds were retrieved following a hard fork and a coordinated restart of the blockchain network. Blockchain operations, including HONEY token functions, have resumed, while BEX trading and liquidity remain restricted pending further investigation. The exploit had targeted Balancer v2 infrastructure supporting Berachain’s largest decentralized exchange.

Terms & Concepts
  • Validator: A participant in a blockchain network responsible for verifying transactions and maintaining network consensus.
  • Hard Fork: A permanent change to a blockchain protocol that is not backward-compatible, requiring all participants to upgrade to the new version.
  • Balancer V2: An upgraded version of the Balancer decentralized finance protocol for automated market making and liquidity provision.