Berachain Foundation has sent an update on X to its users affected by last week’s exploit. The foundation overseeing the blockchain reported near-total recovery of lost funds and shared its plan for user reimbursements. The platform halted operations earlier this month to contain the attack and said it will soon launch a claims page allowing […]Berachain Foundation has sent an update on X to its users affected by last week’s exploit. The foundation overseeing the blockchain reported near-total recovery of lost funds and shared its plan for user reimbursements. The platform halted operations earlier this month to contain the attack and said it will soon launch a claims page allowing […]

Berachain reports that nearly all funds lost in the Balancer-linked exploit have now been recovered

2025/11/12 04:00
3 min read

Berachain Foundation has sent an update on X to its users affected by last week’s exploit. The foundation overseeing the blockchain reported near-total recovery of lost funds and shared its plan for user reimbursements.

The platform halted operations earlier this month to contain the attack and said it will soon launch a claims page allowing depositors to reclaim their assets.

An exploit and a white-hat recovery

Balancer V2’s Composable Stable Pools exploit, which also affected other chains, with as much as $128 million in losses across various chains, including Berachain’s decentralized exchange, BEX, which runs on a fork of Balancer V2’s codebase, lost around $12 million.

The team responded by pausing all affected vaults and liquidity pools, suspending HONEY minting, and coordinating a network-wide emergency stop among validators.

A white-hat actor that reportedly claimed to be behind the exploit contacted the foundation and offered to return the stolen funds. The hacker pre-signed transactions to return the assets to Berachain’s deployer address upon the chain’s restart, which resumed operations on November 4. The funds had been transferred back to the foundation’s wallet.

Berachain also shared a detailed breakdown that shows the recovered assets: 5.7 million sUSDe, 2.15 million USDe, 3.2 million HONEY, and smaller amounts of wBERA, iBERA, wETH, and beraETH. Excluding minor discrepancies and white-hat-owned tokens that are still being processed, the recovery covers nearly the entire value affected by the exploit.

Refund process and user verification

Berachain shared a multi-tab spreadsheet in the same post on X. The spreadsheet includes affected addresses, token balances, and estimated recoveries across each pool category.

It said that exploited pools would be placed in “emergency withdrawal mode” on Wednesday, November 12, to allow users to withdraw any remaining balances from BEX before claim redemptions begin. The claims page, which will facilitate the redistribution of recovered assets, is currently being reviewed for quality assurance and community.

“To compute how much each user is entitled for redistribution, we identified each user’s percentage ownership of the pool before the exploit,” the team explained. “We then computed each user’s pro rata share of recovered funds based on that percentage and validated the result by cross-checking post-exploit ownership figures.”

“We will keep running checks and collecting feedback regarding the distribution of recovered funds until the final recovery claim is live,” the foundation said, noting that some minor adjustments could occur as verifications continue.

What’s next for Berachain?

Berachain’s coordination with validators and its collaboration with security researchers and service providers such as LayerZero, RedStone, and Pyth can be said to have helped contain potential spillover effects. The chain was offline for roughly 30 hours before it was restarted, with no damage to consensus-layer operations or unrelated dApps, according to Berachain.

Berachain Foundation stated in its post-mortem report that it will integrate Balancer’s forthcoming post-mortem patches, retire the compromised pool types, and conduct external audits before reactivating BEX.

If you're reading this, you’re already ahead. Stay there with our newsletter.

Market Opportunity
Nowchain Logo
Nowchain Price(NOW)
$0.0036985
$0.0036985$0.0036985
+132.28%
USD
Nowchain (NOW) 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 [email protected] 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.
Tags:

You May Also Like

The Arweave network has not produced a block for over 24 hours.

The Arweave network has not produced a block for over 24 hours.

PANews reported on February 7th that, according to Arweave Explorer data, the Arweave (AR) network has not produced a new block for over 24 hours. The last recorded
Share
PANews2026/02/07 14:49
HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text

HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text

The post HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text appeared on BitcoinEthereumNews.com. The Fed has resumed interest rate cuts after a nine-month hiatus, lowering the federal funds rate by 25 basis points to a range of 4% to 4.25%. According to the “dot plot” projection reflected in the decision text, two additional interest rate cuts are envisaged in 2025. While 9 out of 19 officials expected two more interest rate cuts this year, 2 predicted a single cut, and 6 predicted no additional cuts. Newly appointed Fed Board member Stephen I. Miran dissented from the decision, voting for a stronger 50 basis point cut. The decision noted that economic growth slowed in the first half of the year, employment growth slowed, and the unemployment rate rose slightly. It also noted that inflation had begun to rise but remained high. While reiterating that it maintains its long-term targets of maximum employment and 2% inflation, the Fed noted that uncertainties regarding the economic outlook remain high. The statement read, “The Committee assesses that downside risks to employment have increased, in line with the balance of risks.” The statement stated that interest rate policy will be reshaped in the coming period, taking into account future data, the economic outlook, and the balance of risks. It also noted that the reduction in holdings of Treasury bonds, corporate debt instruments, and mortgage-backed securities will continue. The resolution was supported by Fed Chair Jerome Powell, Vice Chair John C. Williams, and board members Michael S. Barr, Michelle W. Bowman, Susan M. Collins, Lisa D. Cook, Austan D. Goolsbee, Philip N. Jefferson, Alberto G. Musalem, Jeffrey R. Schmid, and Christopher J. Waller. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/hot-moments-fomc-statement-released-following-the-fed-interest-rate-decision-here-are-all-the-details-of-the-full-text/
Share
BitcoinEthereumNews2025/09/18 14:18
XRP recovers 12% in marketwide price rebound

XRP recovers 12% in marketwide price rebound

The post XRP recovers 12% in marketwide price rebound appeared on BitcoinEthereumNews.com. Crypto markets staged an impressive recovery on Friday, but XRP outpaced
Share
BitcoinEthereumNews2026/02/07 15:31