PANews reported on November 3 that Berachain posted on its X platform: "Berachain validators have taken coordinated action to voluntarily suspend the Berachain network so that the core team can implement an emergency hard fork to address the vulnerability attack related to Balancer V2 on BEX. This suspension was proactive, and the network will resume operation soon after all affected funds have been recovered." In addition, Smokey the Bera, an anonymous co-founder of Berachain, stated: "The Bera validator team has proactively suspended chain operations to prevent the Balancer vulnerability attack affecting BEX (mainly the USDe three pools) from spreading further. We have requested the Ethena team to disable cross-chain bridge functionality for transferring assets out of the Bera chain; we have instructed lending markets to disable/suspend USDe deposit operations; we have suspended HONEY minting/redemption operations; and we have communicated with centralized exchanges (CEXs) and other institutions to ensure that relevant addresses are blacklisted. The goal is to recover funds as quickly as possible and ensure the safety of funds for all liquidity providers (LPs). Once the team is ready, it will release the binary to relevant validators and service providers (because this liquidity pool contains non-native assets, unlike simply modifying the Bera chain balance, some slot reconstruction work is required)." According to previous reports, as monitored by PyDun, Balancer and its forked projects have suffered total losses of over $128 million across multiple blockchains.PANews reported on November 3 that Berachain posted on its X platform: "Berachain validators have taken coordinated action to voluntarily suspend the Berachain network so that the core team can implement an emergency hard fork to address the vulnerability attack related to Balancer V2 on BEX. This suspension was proactive, and the network will resume operation soon after all affected funds have been recovered." In addition, Smokey the Bera, an anonymous co-founder of Berachain, stated: "The Bera validator team has proactively suspended chain operations to prevent the Balancer vulnerability attack affecting BEX (mainly the USDe three pools) from spreading further. We have requested the Ethena team to disable cross-chain bridge functionality for transferring assets out of the Bera chain; we have instructed lending markets to disable/suspend USDe deposit operations; we have suspended HONEY minting/redemption operations; and we have communicated with centralized exchanges (CEXs) and other institutions to ensure that relevant addresses are blacklisted. The goal is to recover funds as quickly as possible and ensure the safety of funds for all liquidity providers (LPs). Once the team is ready, it will release the binary to relevant validators and service providers (because this liquidity pool contains non-native assets, unlike simply modifying the Bera chain balance, some slot reconstruction work is required)." According to previous reports, as monitored by PyDun, Balancer and its forked projects have suffered total losses of over $128 million across multiple blockchains.
Berachain has proactively suspended chain operations to implement an emergency hard fork in response to vulnerability attacks related to Balancer V2.
PANews reported on November 3 that Berachain posted on its X platform: "Berachain validators have taken coordinated action to voluntarily suspend the Berachain network so that the core team can implement an emergency hard fork to address the vulnerability attack related to Balancer V2 on BEX. This suspension was proactive, and the network will resume operation soon after all affected funds have been recovered."
In addition, Smokey the Bera, an anonymous co-founder of Berachain, stated: "The Bera validator team has proactively suspended chain operations to prevent the Balancer vulnerability attack affecting BEX (mainly the USDe three pools) from spreading further. We have requested the Ethena team to disable cross-chain bridge functionality for transferring assets out of the Bera chain; we have instructed lending markets to disable/suspend USDe deposit operations; we have suspended HONEY minting/redemption operations; and we have communicated with centralized exchanges (CEXs) and other institutions to ensure that relevant addresses are blacklisted. The goal is to recover funds as quickly as possible and ensure the safety of funds for all liquidity providers (LPs). Once the team is ready, it will release the binary to relevant validators and service providers (because this liquidity pool contains non-native assets, unlike simply modifying the Bera chain balance, some slot reconstruction work is required)."
According to previous reports, as monitored by PyDun, Balancer and its forked projects have suffered total losses of over $128 million across multiple blockchains.
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