Altcoin Hit by Major Hacking Attack Announces It Has Recovered All Funds
The Berachain (BERA) Foundation confirmed the recovery of $12.8 million stolen in the recent BEX/Balancer v2 attack. While HONEY token minting and buyback operations were resumed, affected pool funds will be gradually returned to users. Withdrawals from non-affected BEX deposits remain suspended until the root cause of the attack is determined. Operations had been paused after the attack on the Balancer ecosystem, with measures including bridge blocking and blacklisting of suspicious addresses. An urgent hard fork ensured fund security. Some functionalities like swaps, deposits, and withdrawals on BEX remain restricted, and temporary irregularities in APR data may occur due to the disruption.
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The Recovery of Stolen Funds
The Berachain (BERA) Foundation announced that the approximately $12.8 million stolen in the recent BEX/Balancer v2 attack has been fully recovered. This marks a significant milestone in their efforts to restore the ecosystem and secure user trust.
Updates on HONEY Tokens and Fund Distribution
While the minting and buyback of HONEY tokens have been restarted, funds from the affected pools will reportedly be gradually returned to users. These measures aim to ensure a stable transition back to normal operations for affected individuals.
Temporary Suspension of Withdrawals
Withdrawals from BEX deposits that were not affected by the attack will remain temporarily suspended for security reasons. These withdrawals will only resume after the exact cause of the attack is thoroughly investigated and addressed.
Overview of the Attack and Initial Response
Berachain recently halted operations following an attack targeting the Balancer ecosystem, which significantly affected USDe pools. Initial response measures included:
- Blocking bridge withdrawals
- Halting USDe deposits and the minting of HONEY
- Blacklisting suspicious addresses These steps were taken to limit damage and reduce vulnerabilities across the platform.
Hard Fork and Security Enhancements
In response to the attack, an urgent hard fork process was initiated to ensure the security of funds. This action underscores Berachain's commitment to addressing vulnerabilities and preventing future attacks.
Status of HONEY Token Operations
Berachain stated that HONEY token minting and redemption operations have been reactivated, signaling a move toward recovery. However, functions such as swaps, deposits, and withdrawals on BEX remain restricted as the platform prioritizes security improvements.
Temporary APR Irregularities
Berachain noted that temporary irregularities in APR data may occur due to a 24-hour disruption of chain-wide incentive (BGT) and reward flows. Users are advised to monitor updates as the platform stabilizes.