Berachain Grapples With Unusual Refund Clause in Series B Deal

Crypto project Berachain is facing scrutiny after a report revealed its investor, Brevan Howard Digital’s Nova Digital fund, secured an unusual post-launch refund clause for its $25 million investment. The clause allows Nova to request a refund within one year of the token generation event (TGE) on February 6, 2025, potentially granting it the ability to recover its principal if BERA’s price drops following launch.