Berachain Recovers $12.8M From BEX/Balancer v2 Exploit
Berachain Foundation has fully recovered the US$12.8 million stolen in the Nov. 3 BEX/Balancer v2 exploit. By patching the vulnerability used in the Balancer v2 exploit, the foundation halted its network, froze the attacker’s assets and distributed an emergency hard fork patch to validators. Working with a white-hat hacker, Berachain retrieved the funds to its deployer wallet and plans to reimburse over 1,000 affected users. The team also unpaused HONEY token minting and strengthened access controls to block exploited tokens. Infrastructure upgrades to RPCs, oracles and developer tools are underway. Users may see temporary APR fluctuations as the core infrastructure comes back online. This swift recovery and security upgrade aims to bolster DeFi security and restore confidence in the Berachain network.
Bullish
The full recovery of US$12.8 million stolen in the Balancer v2 exploit through an emergency hard fork and white-hat collaboration is a positive signal for traders. In the short term, Berachain’s swift action and reimbursement plan reduce uncertainty and may trigger a price rebound in the BERA token as confidence returns. In the long term, strengthened access controls, RPC and oracle upgrades enhance the network’s security profile, lowering risk perceptions and supporting sustained demand. Overall, these developments point to a bullish outlook for BERA.