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

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.

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.