Berachain validators purposefully halt the network to perform a hard fork that addresses the Balancer exploit


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Promote with Leviathan NewsSmokey the Bera: "I'm sure that some won't be happy about this, and we recognize that this could be seen as a contentious decision. Berachain doesn't benefit from the same degree of decentralization as Ethereum on a day to day basis, but in times like this, we're fortunate (in light of bad circumstances). With that being said, users / LPs on the network are always our priority and when approximately $12m of user funds are at risk from a malicious attacker, we attempted to coordinate the validator set to protect those users. Looking forward to being back online soon."
Top comment by @Spencer420
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Smokey the Bera: "I'm sure that some won't be happy about this, and we recognize that this could be seen as a contentious decision. Berachain doesn't benefit from the same degree of decentralization as Ethereum on a day to day basis, but in times like this, we're fortunate (in light of bad circumstances).
With that being said, users / LPs on the network are always our priority and when approximately $12m of user funds are at risk from a malicious attacker, we attempted to coordinate the validator set to protect those users.
Looking forward to being back online soon."
Maven
They made the better move
Danicjade
Nice move from the team..
Spencer420
Smokey the Bera: "I'm sure that some won't be happy about this, and we recognize that this could be seen as a contentious decision. Berachain doesn't benefit from the same degree of decentralization as Ethereum on a day to day basis, but in times like this, we're fortunate (in light of bad circumstances).
With that being said, users / LPs on the network are always our priority and when approximately $12m of user funds are at risk from a malicious attacker, we attempted to coordinate the validator set to protect those users.
Looking forward to being back online soon."

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𝕏/@SmokeyTheBera ·

Unchainedcrypto ·

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CoinTelegraph ·

The Block ·