Berachain Recovers Over $12 Million Lost From Balancer Exploit

The Ethereum-compatible blockchain, Berachain, has successfully recovered the approximate $12.8 million lost in the recent Balancer exploit, marking one of the rare instances of a full restitution in DeFi history. This recovery comes just days after the massive Balancer protocol hack that drained over $117 million across multiple blockchains. The blockchain’s foundation was able to work with a white-hat hacker who cooperated following the network’s emergency restart, leading to the return of all funds to the foundation’s deployer wallet.