Berachain Halts Network to Contain Balancer-Linked Exploit, Conduct ‘Emergency Hard Fork’

Berachain validators coordinated an emergency halt of the network after discovering a vulnerability linked to the Balancer V2 exploit, which had already drained tens of millions from the Ethereum DeFi ecosystem. The core team is performing an emergency hard fork to isolate compromised contracts and recover affected assets, including roughly $12 million in user funds on Berachain's BEX decentralized exchange (DEX). Berachain co-founder Smokey The Bera acknowledged the decision might be contentious but stressed the necessity of acting to protect user funds. Because the exploit involved multiple non-native assets, the fix is complex and may require a rollback or rollforward. The Balancer exploit has impacted several DeFi protocols, causing market dips for both Balancer's BAL token and Berachain's BERA token.

(Source：CoinDesk)