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- Berachain confirmed all $12.8M from the BEX and Balancer V2 exploit were safely recovered with white-hat assistance.
- HONEY minting resumed as Berachain restored its network, while BEX functions remain temporarily limited for safety.
Berachain has finally confirmed that approximately $12.8 million in funds lost due to an exploit on the BEX and Balancer V2 protocols have been fully returned to the Berachain Foundation’s wallet.
This announcement was made directly through their official X account, along with a thank you to a white-hat hacker who played a crucial role in the refund process.
Interestingly, Berachain plans to remove the “malicious” label from the white-hat’s wallet and offer a bounty as a token of appreciation for their cooperation.
We are happy to confirm that all funds (approx $12.8m) from the BEX / Balancer v2 exploit have been returned to the Berachain Foundation Deployer (https://t.co/HjCONAGpOZ). Chain is live.
We'd like to thank the white hat who worked with us to make this happen – we'll ensure that…
— Berachain Foundation 🐻⛓ (@berachain) November 4, 2025
Network Restored, But Recovery Still Underway
After performing an emergency hard fork and halting the network for security reasons, the Berachain team has now confirmed that the chain is fully operational.
HONEY token minting and redemption functions have been restored, while some features on the BEX platform—such as swaps, deposits, and withdrawals—remain temporarily restricted. This is to ensure a discreet and transparent recovery process.
However, that’s not all. Berachain also confirmed that its system is currently processing the attribution and distribution of funds to thousands of affected users.
In one of the exploited pools, iBERA, there were over 1,000 individual depositors. For more concentrated pools like USDe, the process will be faster.
The core team is preparing a system that can track the original depositor addresses and redistribute funds to users according to on-chain transaction records. This process, they said, will be carried out carefully over the coming days to prevent any distribution errors.
Also, users may notice irregularities in APR and BGT incentive flows, as network activity was down for over 24 hours.
The Berachain team is now working with various infrastructure providers—from RPCs, oracles, dev tooling, and block explorers—to ensure the entire system is running normally before releasing the next official update.
Innovation Persists as Berachain Strengthens Its Foundation
On the other hand, CNF previously reported that last October, the project proposed a new system called preconfirmation to improve the speed and certainty of real-time transactions on the blockchain network.
The system runs on Beacon-Kit and Bera-Reth, without adding additional validator components, and offers optional optimizations for low-latency applications. This step demonstrates that Berachain remains focused on developing its technical performance, not just fund recovery.
Furthermore, last September, Binance also introduced BERA staking through its Simple Earn feature, which allows users to stake BERA with flexible lock periods and daily reward distributions.
This mechanism allows users to participate in the Berachain ecosystem without the hassle of navigating traditional DeFi protocols or external wallets.
However, although funds have been recovered and the network is back online, many see this incident as a reminder that security remains a top priority in the DeFi world. The exploit, involving code derived from Balancer V2, has been shown to harbor hidden risks in access control and fee mechanisms.
Meanwhile, as of the writing time, BERA is changing hands at about $1.50. Down 4.20% over the last 4 hours and 6.30% over the last 24 hours.
