Crypto NewsAltcoinAltcoin Hit by Major Hacking Attack Announces It Has Recovered All Funds

Altcoin Hit by Major Hacking Attack Announces It Has Recovered All Funds

The altcoin, which suffered a major loss in a recent hack, was able to recover all funds.

Follow Bitcoin Sistemi Google News Button

The Berachain (BERA) Foundation announced that the approximately $12.8 million stolen in the recent BEX/Balancer v2 attack has been fully recovered.

While the minting and buyback of HONEY tokens have been restarted, funds from the affected pools will reportedly be gradually returned to users.

Withdrawals from BEX deposits that were not affected by the attack will remain temporarily suspended for security reasons, and these transactions will only be reopened after the exact cause of the attack is determined.

Berachain recently halted operations due to an attack targeting the Balancer ecosystem and affecting USDe pools. Measures included blocking bridge withdrawals, halting USDe deposits and the minting of honey, and blacklisting suspicious addresses.

Following the attack, an urgent hard fork process was initiated to ensure the security of the funds.

Related News  Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update

Berachain stated that HONEY token minting and redemption operations have been reactivated, but functions such as swaps, deposits, and withdrawals on BEX remain restricted. It also noted that temporary irregularities in APR data may be observed due to the 24-hour disruption of chain-wide incentive (BGT) and reward flows.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week