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

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.

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 service@support.mexc.com 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.

You May Also Like

Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26