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Berachain Foundation stated that approximately $12.8 million from the BEX / Balancer v2 exploit has been fully returned. HONEY minting and redemption have resumed. Funds in exploited pools will be gradually returned to affected users. Withdrawals from non-exploited BEX deposits remain suspended out of caution and will resume once the exploit’s cause is fully understood. https://t.co/OUDj9VvvuH
We are happy to confirm that all funds (approx $12.8m) from the BEX / Balancer v2 exploit have been returned to the Berachain Foundation Deployer (https://t.co/GfbfjJTVLh). Chain is live. We'd like to thank the white hat who worked with us to make this happen - we'll ensure that his wallet is unlabelled as malicious, and work towards a potential bounty as a sign of our appreciation. HONEY mint/redeem has also been unpaused accordingly, while all BEX functionality has been limited, including swaps, withdrawals, deposits, etc. You should expect to see some irregularities in reported APRs etc across the chain, as BGT and incentives have not been flowing for 24hrs. We will be working with infra providers to ensure that key infra is up to date (RPCs, oracles, dev tooling, block explorers etc) over the next few hours, at which point we'll proceed with more detailed comms about next steps. Return of funds: There were originally over 1000+ depositors in some of the exploited pools (ie. iBERA), while others like USDe were much more concentrated. For the exploited pools with large numbers of individual depositors, the Berachain core team is currently producing a system that will attribute the deposits to their original addresses, and distribute to users accordingly. Please bear with us as we ensure that this is carried out in a diligent and safe manner over the coming days. Please note that for users with non-exploited deposits in the BEX right now, funds cannot be withdrawn. This has been done out of an abundance of caution as the cause of the Balancer exploit is still not fully known. We will track the situation closely and follow Balancer's lead to make sure that funds can be safely withdrawn / returned to users ASAP. Thanks once again for everyone's support and patience here. We're doing our best to be diligent and communicative in this process, and will continue to get people up to speed as we ensure that functionality across all aspects of the chain is restored. Berachain.
You can't be as cool as Gus Bond, but you can earn like him. HONEY, USDC, BERA, WBTC, USD1, srUSD, ETH, and BYUSD holders can claim oDOLO rewards today. https://t.co/EUHZh8ZBqg
Wake up n smell the honey 🍯 Supply $HONEY on Dolomite (@berachain) and get Base APR → 10.44% oDOLO Rewards APR → 10.32% Total lending APR → 20.76% https://t.co/dqGLzOd4tK
oDOLO season is in full swing 🏈 $HONEY, $USDC, #USD1, $ETH, $BERA, and $srUSD can claim $oDOLO rewards every Thursday https://t.co/F50xGXhk2V
Tether in, HONEY out. $USDT0 collateral is live. https://t.co/XJhOKJfiCI
DePIN assets power real-world infrastructure—from wireless and geospatial data to AI compute. Projects like $HNT, $HONEY, $RENDER, and $AKT lead the market, with AI-related networks now dominating DePIN by market cap*. https://t.co/ivYQ9H9hXQ
We're building with @berachain. Bera community, welcome to our den. Portal Pay now lets you spend $BERA, $HONEY, and $USDC on Bera in Portal-powered apps and games, no matter the chain. We're uniting liquidity across Web3. Time to unleash the honey.
DePIN assets range in use cases, including wireless connectivity and IoT $HNT, geospatial data collection $HONEY, decentralized video streaming $RENDER, and AI-related use cases like computing networks $AKT. Today, AI-related DePIN projects dominate by market cap. Read the full report: grayscale.com/the-real-world…
DEPIN IS THE FUTURE 🐝 @Hivemapper Jito Foundation is excited to announce incentives for the $HONEY/$JitoSOL liquidity vault on @KaminoFinance, via @orca_so 💎 🧵⤵️
Our HONEY-USD trading pair is now in full-trading mode on @CoinbaseExch and Advanced Trade. Limit, market and stop orders are all now available.
Hivemapper (HONEY) is now live on http://coinbase.com & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://www.coinbase.com/price
Our HONEY-USD trading pair will now enter limit-only mode on @CoinbaseExch and Advanced Trade. Limit orders can be placed and canceled, and matches may occur. Market orders cannot be submitted.
Our HONEY-USD trading pair will now enter auction mode. Customers can post limit orders and view the resulting indicative open price. The books will be in auction mode for a minimum of 10 minutes during which no matches will occur.
@coinbase @CoinbaseExch Trading will begin on or after 9AM PT on 17 January 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our HONEY-USD trading pairs will launch in phases. Support for HONEY may be restricted in some supported jurisdictions.
Coinbase will add support for Hivemapper (HONEY) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
Asset added to the roadmap today: Hivemapper (HONEY) https://www.coinbase.com/blog/increasing-transparency-for-new-asset-listings-on-coinbase
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