PANews reported on November 3 that the Berachain Foundation stated: "The background is that this vulnerability attack mainly affected the Ethena/Honey pools through a relatively complex smart contract transaction. Given that the affected assets are not native assets (not just BERA), a rollback operation cannot be achieved simply by a hard fork. Therefore, network operation needs to be suspended until a comprehensive solution is finalized." Previously, it was reported that Berachain had proactively suspended chain operations to implement an emergency hard fork in response to vulnerability attacks related to Balancer V2.PANews reported on November 3 that the Berachain Foundation stated: "The background is that this vulnerability attack mainly affected the Ethena/Honey pools through a relatively complex smart contract transaction. Given that the affected assets are not native assets (not just BERA), a rollback operation cannot be achieved simply by a hard fork. Therefore, network operation needs to be suspended until a comprehensive solution is finalized." Previously, it was reported that Berachain had proactively suspended chain operations to implement an emergency hard fork in response to vulnerability attacks related to Balancer V2.
Berachain: A rollback operation cannot be achieved simply by a hard fork; the network needs to be paused before a comprehensive solution is finalized.
2025/11/03 18:36
PANews reported on November 3 that the Berachain Foundation stated: "The background is that this vulnerability attack mainly affected the Ethena/Honey pools through a relatively complex smart contract transaction. Given that the affected assets are not native assets (not just BERA), a rollback operation cannot be achieved simply by a hard fork. Therefore, network operation needs to be suspended until a comprehensive solution is finalized."
Previously, it was reported that Berachain had proactively suspended chain operations to implement an emergency hard fork in response to vulnerability attacks related to Balancer V2.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Hong Kong Backs Commercial Bank Tokenized Deposits in 2025
The post Hong Kong Backs Commercial Bank Tokenized Deposits in 2025 appeared on BitcoinEthereumNews.com. HKMA to support tokenized deposits and regular issuance of digital bonds. SFC drafting licensing framework for trading, custody, and stablecoin issuers. New rules will cover stablecoin issuers, digital asset trading, and custody services. Hong Kong is stepping up its digital finance ambitions with a policy blueprint that places tokenization at the core of banking innovation. In the 2025 Policy Address, Chief Executive John Lee outlined measures that will see the Hong Kong Monetary Authority (HKMA) encourage commercial banks to roll out tokenized deposits and expand the city’s live tokenized-asset transactions. Hong Kong’s Project Ensemble to Drive Tokenized Deposits Lee confirmed that the HKMA will “continue to take forward Project Ensemble, including encouraging commercial banks to introduce tokenised deposits, and promoting live transactions of tokenised assets, such as the settlement of tokenised money market funds with tokenised deposits.” The initiative aims to embed tokenized deposits, bank liabilities represented as blockchain-based tokens, into mainstream financial operations. These deposits could facilitate the settlement of money-market funds and other financial instruments more quickly and efficiently. To ensure a controlled rollout, the HKMA will utilize its regulatory sandbox to enable banks to test tokenized products while enhancing risk management. Tokenized Bonds to Become a Regular Feature Beyond deposits, the government intends to make tokenized bond issuance a permanent element of Hong Kong’s financial markets. After successful pilots, including green bonds, the HKMA will help regularize the issuance process to build deep and liquid markets for digital bonds accessible to both local and international investors. Related: Beijing Blocks State-Owned Firms From Stablecoin Businesses in Hong Kong Hong Kong’s Global Financial Role The policy address also set out a comprehensive regulatory framework for digital assets. Hong Kong is implementing a regime for stablecoin issuers and drafting licensing rules for digital asset trading and custody services. The Securities…
Share
BitcoinEthereumNews2025/09/18 07:10
Citi Ventures Invests in Stablecoin Payments Provider BVNK
Investment follows Visa backing as banks position for multi-trillion dollar stablecoin payments market
Share
Blockhead2025/10/10 12:30
Layer 2 Projects Social Activity Soars: Linea Outpaces Rivals with 3M+ Record Interactions
The discussion is now focused on layer 2 projects, which are quicker, less expensive and more scalable to users. Linea is leading with record interactions.
Share
Blockchainreporter2025/09/18 04:20