Berachain Founder Disputes Refund Claims Amid Series B Investment Concerns

Following a report from Unchained detailing claims of a $25 million refund for one of Berachain’s Series B investors, the company’s founder has refuted the assertions. According to Berachain, the report is incomplete and inaccurate, highlighting that Brevan Howard’s crypto-focused fund, Nova Digital, was granted a one-year right to reclaim its investment through an agreement signed in April 2024. The side letter reportedly stated that Nova could recoup some or all of its investment within twelve months following Berachain’s token generation event (TGE), which occurred on February 6th. This timeframe gives Nova until February 6, 2026 to request a refund.