🚀 Stride Expands To Berachain With New Liquidity Token
#Stride #Berachain #Cosmos #liquidity #staking #BGT #stBGT
According to BlockBeats, on September 27, Stride, a liquidity staking protocol within the Cosmos ecosystem, announced its expansion to Berachain. Due to the non-transferable nature of Berachain's governance token, BGT, Stride has introduced a liquid version of the token, named stBGT.#Stride #Berachain #Cosmos #liquidity #staking #BGT #stBGT
🚀 Berachain Foundation Recovers $12.8 Million from BEX/Balancer V2 Exploit
#Berachain #BEX #BalancerV2 #exploit #recovery #whitehat #HONEY #crypto #blockchain #security #fundrecovery #APR #onchain #cryptoexchange #BGT #cryptoincident
According to PANews, the Berachain Foundation announced the recovery of approximately $12.8 million stolen in the BEX/Balancer V2 exploit. The funds have been returned to the foundation's deployment wallet. The team expressed gratitude to the white-hat hackers who assisted in the recovery and plans to remove malicious labels from their addresses, considering a bounty as a token of appreciation.
Currently, all BEX functionalities, including exchange, withdrawal, and deposit, remain restricted, although the minting and redemption of HONEY have resumed. Due to the suspension of BGT and incentives over the past 24 hours, the on-chain APR may display anomalies.
The Berachain core team is developing a system to allocate the affected funds to the original user addresses. Deposits unaffected by the exploit are also currently non-withdrawable, a precautionary measure as the team closely monitors Balancer's ongoing investigation to ensure the safe return of all user funds.#Berachain #BEX #BalancerV2 #exploit #recovery #whitehat #HONEY #crypto #blockchain #security #fundrecovery #APR #onchain #cryptoexchange #BGT #cryptoincident