The Berachain Foundation has successfully recovered $12.8 million that was lost in a recent exploit of Balancer V2. The attack, which targeted a vulnerability in the decentralized finance platform, resulted in over $100 million being stolen from various liquidity pools. The recovery was achieved through a coordinated effort involving on-chain analysis, collaboration with security experts, and technical intervention.
This incident underscores the critical need for robust security measures and effective incident response strategies in the DeFi sector. The Berachain Foundation's successful recovery of funds highlights the potential for mitigating losses even after significant breaches.
Berachain Foundation Recovers $12.8M from Balancer V2 Exploit
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