Berachain @berachain Exploited at 10am UTC - $129m stolen.
What Actually Happened (5-min timeline)
Time 09:59 UTC
Hacker hits Balancer V2 on Ethereum with a callback-auth bypass in manageUserBalance(). Drains $117M+ in one tx.
10:01
Same bug auto-triggers on every Balancer fork → Berachain’s BEX (their DEX) starts bleeding USDe–HONEY pools.
10:04
Berachain validators vote-halt the chain (100 % consensus in 3 mins). Network frozen at block 8,421,337.
10:11
Smokey the Bera tweets: “Hard fork incoming — user funds > ideology.” Berachain forks.
Remember Berachain is an Ethereum copy and inherited the same re-entrancy bug in Solidity. As Ive been narrating for years, this bug will continue to be exploited.
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