Jam Spa

bm 🌞
the sun always rises
-
🐻⛓️ & RWA enthusiast

[Jam Spa @JamPea]

@berachain bm! love the change to the marketing angle 🐻🫶

[Berachain Foundation 🐻⛓ @berachain]

https://t.co/pZ2lcKb7Jg

[Jam Spa @JamPea]

@SmokeyTheBera bera and pol are powerful. in time people will understand. keep working hard chief, we'll get there. i beralieve.

[Jam Spa @JamPea]

@SmokeyTheBera sounds great!

[Berachain Foundation 🐻⛓ @berachain]

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Please note that for users with non-exploited deposits in the BEX right now, funds cannot be withdrawn.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 We will track the situation closely and follow Balancer's lead to make sure that funds can be safely withdrawn / returned to users ASAP.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.

[Jam Spa @JamPea]

@berachain that's why I'm a bera with bera.. berachains comms and integrity are unparalleled.

[Jam Spa @JamPea]

@exwallstreet @pricediction You can do it!

[Jam Spa @JamPea]

@pricediction Prediction market is a sleeping giant

[Smokey The Bera 🐻⛓ @SmokeyTheBera]

One of the most common things I heard over KBW and Token from friends and new acquaintances was “man, good on you guys for not rugging and continuing to grind post TGE”

On one hand, nice of people to say -

On the other hand, absolutely INSANE to witness what’s become an unspoken standard of founders and teams, especially over the last 12 months. This isn’t an attempt at some “holier than thou” posturing. Moreover, after coming from the world of deep tech where spending 5-10 years on a business was almost an expectation, I sometimes can’t believe how “surviving” 8 months post TGE is something that can deserve praise.

The bar for human capital and integrity is quite low - hopefully we’ll be able to help nudge it in the right direction over time.

Anyway, Berachain builds businesses (for many years)

[Jam Spa @JamPea]

@FedexTop @steadyteddys @bm_bera @puffpaw @berachain Bm! 🐻🌞

[Jam Spa @JamPea]

@SmokeyTheBera bm smokey!

[Jam Spa @JamPea]

@bm_bera bm. hero we deserve

[Jam Spa @JamPea]

@FTsuchiya_DeFi @0xberatown bm's never stop

[Jam Spa @JamPea]

@bm_bera bm! got my ticket

[Jam Spa @JamPea]

two reason @bm_bera is primed for take off.
1. B
2. M
🌞👆

[NORO. @_thenoro]

Strong consolidation continues on $BM.
Support levels are holding with liquidity intact, a clear signal of market confidence and an imminent breakout.

Projects that sustain such resilience often see accelerated price discovery once inflows resume. @bm_bera is positioned for a potential breakout and currently building hard. Bid $bm #BERA
Panda Factory: https://t.co/lMPhlPGlF5

[Jam Spa @JamPea]

@HenryVo_TTT @berachain bm bera! community stronk 🐻⛓️

[Jam Spa @JamPea]

@kodiak_intern bm, very true

[Jam Spa @JamPea]

@bm_bera bm sunny 🌞

[Jam Spa @JamPea]

@CoinDesk Berachain. Bm! 🐻⛓️☀️