On November 3, Berachain’s validators decided to suspend network operations to implement an emergency hard fork addressing the Balancer V2 vulnerability on BEX. This proactive measure aims to recover affected funds swiftly.
Co-founder Smokey the Bera emphasized that the team has taken extensive precautions, including disabling cross-chain transfers and halting USDe deposit operations. Previous reports indicate Balancer projects incurred losses above 128 million USD.
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