Audit log

Every state-changing event for Berachain: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-31 07:31:49Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 423,329,446

   sig

   5erqetXUBxfV…tNCkxUwMcopyexplorer ↗

   hash

   HWeSy6h1Mj1j…qc3KJrjbcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (29294 B) ▸

   {"actor":"system:backfill","investigation_id":"7fafc44c-1a7b-4394-bb99-d5c4ee2f1de3","kind":"publish","page_slug":"berachain","published_at":"2026-05-31T07:31:49.574Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Berachain","sections":[{"content":"Berachain is an EVM-identical Layer 1 blockchain built around Proof of Liquidity (PoL), a novel incentive mechanism that routes network rewards to protocols and users who provide productive on-chain liquidity. The chain uses BeaconKit, a modular consensus layer developed by the Berachain team using the Cosmos SDK and the CometBFT consensus engine, enabling single-slot finality. Berachain operates a tri-token model: BERA (gas and network security), BGT (non-transferable governance token earned by providing liquidity), and HONEY (a native stablecoin). BGT can be burned 1:1 for BERA but not the reverse. The total genesis supply of BERA is 500 million tokens. Mainnet launched on February 6, 2025, replacing the earlier Artio and bArtio testnets. The chain is EVM-identical, meaning existing Ethereum tooling and smart contracts are compatible without modification.","heading":"Project Overview and Technology","severity":"low","sources":[{"credibility":2,"name":"What Is Berachain? - Decrypt","type":"news_article","url":"https://decrypt.co/resources/what-is-berachain-proof-of-liquidity-blockchain"},{"credibility":1,"name":"Berachain Core Docs - Proof of Liquidity Overview","type":"official","url":"https://docs.berachain.com/learn/what-is-proof-of-liquidity"},{"credibility":2,"name":"Berachain mainnet debuts as BERA token hits $1B market cap - Blockworks","type":"news_article","url":"https://blockworks.co/news/berachain-mainnet-debuts"}]},{"content":"Berachain traces its origins to August 2021, when two pseudonymous founders — Smokey the Bera and Dev Bear — launched the Bong Bears NFT collection in the off-topic channel of the OlympusDAO Discord server. The initial collection of approximately 107 bear-themed NFTs minted at 0.069420 ETH each and introduced a rebasing mechanism rewarding holders with future NFT collections (Bond Bears, Baby Bears, Bit Bears, Boo Bears, Band Bears). In March 2022, Dev Bera posted a governance proposal on the OlympusDAO forum seeking $500,000 in OHM to fund development of a new Layer 1 blockchain with a Proof of Liquidity consensus model. The proposal passed with 78% in favor. In April 2022, the team formally announced the expansion into an independent Layer 1 protocol. The bear-themed NFT community became the nucleus of the early Berachain ecosystem and developer community.","heading":"Origins: Bong Bears NFT Community","severity":"low","sources":[{"credibility":2,"name":"Meet Berachain: a new Layer 1 born from a community built around bear NFTs - The Block","type":"news_article","url":"https://www.theblock.co/post/310233/the-scoop-berachain"},{"credibility":3,"name":"Bong Bears — Grokipedia","type":"other","url":"https://grokipedia.com/page/Bong_Bears"},{"credibility":3,"name":"Berachain — IQ.wiki","type":"other","url":"https://iq.wiki/wiki/berachain"}]},{"content":"Berachain raised a total of $142 million across two institutional funding rounds. A Series A round in April 2023 raised $42 million at a reported valuation of $420 million, with investors including Polychain Capital, Robot Ventures, Shima Capital, Hack VC, and dao5. A Series B round in April 2024 raised $100 million, co-led by Brevan Howard Digital (BH Digital, Abu Dhabi branch) and Framework Ventures. Additional Series B participants included Polychain Capital, Hack VC, Tribe Capital, Hypersphere Ventures, Nomad Capital, Arrington Capital, Samsung Next, Amber Group, Cypher Capital, Laser Digital (Nomura Group), Hashkey Capital, and Rubik VC, as well as angel investors including Polygon co-founder Sandeep Nailwal, Feng Bo, Antony Lewis, and Yat Siu. Bloomberg and Yahoo Finance reported the Series B announcement on April 12, 2024.","heading":"Funding and Investors","severity":"low","sources":[{"credibility":1,"name":"Crypto's Berachain Says Funding Round Increases to $100 Million - Bloomberg","type":"news_article","url":"https://www.bloomberg.com/news/articles/2024-04-12/crypto-s-berachain-says-funding-round-increases-to-100-million"},{"credibility":2,"name":"Layer-1 Blockchain Berachain Raises $100 Million in Funding Led by Brevan Howard Digital - Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/layer-1-blockchain-berachain-raises-064213872.html"},{"credibility":2,"name":"Berachain Raises $100M in Series B Funding - Finsmes","type":"news_article","url":"https://www.finsmes.com/2024/04/berachain-raises-100m-in-series-b-funding.html"}]},{"content":"Berachain launched its mainnet and BERA token on February 6, 2025 (the 'Token Generation Event'). Approximately 79 million BERA tokens were distributed via airdrop to ecosystem participants, testnet users, NFT holders, and social community members. BERA reached an intra-day high of approximately $14.83 on launch day before declining sharply. Within five days, the price had fallen to around $5.57, a decline of approximately 63%. Community criticism centered on tokenomics: 34.3% of genesis supply (171.5 million BERA) was allocated to institutional investors, while testnet users reportedly received as little as $60 in tokens, whereas select NFT holders received tens of millions of dollars in value. The staking mechanics allowing private investors to earn liquid BGT rewards, which could be redeemed for BERA and sold, were alleged to not have been fully disclosed prior to launch. Separately, co-founder Dev Bear was alleged by on-chain researcher Ericonomic to have received approximately 200,000 BERA in the airdrop and to have swapped portions into WBTC, ETH, and other assets from a wallet linked to his publicly known address. Beincrypto and DL News reported on this alleged insider selling. In a subsequent statement, Berachain co-founder Smokey the Bera acknowledged the team 'totally sold too much to VCs' and indicated the team was working on buying back portions of the BERA supply from institutional investors.","heading":"Token Launch and Airdrop Controversies","severity":"high","sources":[{"credibility":2,"name":"Berachain Controversy as Co-Founder Sells BERA Tokens - Beincrypto","type":"news_article","url":"https://beincrypto.com/berachain-controversy-developer-swaps-airdrop-tokens/"},{"credibility":2,"name":"Berachain token slides 60% amid insider selling - DL News","type":"news_article","url":"https://www.dlnews.com/articles/defi/berachain-token-slides-amid-insider-selling/"},{"credibility":2,"name":"Berachain co-founder regrets selling too many BERA tokens to VCs - crypto.news","type":"news_article","url":"https://crypto.news/berachain-co-founder-regrets-selling-too-many-bera-tokens-to-vcs-and-is-working-on-a-buy-back/"},{"credibility":2,"name":"Berachain (BERA) Mainnet Debuts With Airdrop Allocation - CCN","type":"news_article","url":"https://www.ccn.com/analysis/crypto/berachain-bera-mainnet-debuts-airdrop-price-drops/"},{"credibility":1,"name":"Berachain Tokenomics - Official Docs","type":"official","url":"https://docs.berachain.com/learn/pol/tokens/tokenomics"}]},{"content":"In 2025, Unchained Crypto obtained and published documents alleging that Brevan Howard's Nova Digital fund was granted a 'refund right' allowing it to reclaim some or all of its $25 million Series B investment for up to one year following Berachain's Token Generation Event of February 6, 2025 — effectively a deadline of February 6, 2026. The Block and Yahoo Finance corroborated the Unchained reporting. Four crypto-focused attorneys interviewed by Unchained stated such arrangements are 'extremely rare' in token fundraises, where refund rights typically only trigger if a project entirely fails to launch rather than if token prices decline. Two other Series B investors told Unchained they were not informed at the time that another participant had secured refund rights. Berachain co-founder Smokey the Bera disputed the reporting's framing, stating that the provision was designed for a scenario in which Berachain failed to complete its token generation event and that locked BERA tokens would not be eligible investments via Nova's liquid strategy — but did not release the underlying agreement. The controversy intensified as BERA's price declined sharply, raising questions about whether Nova Digital would exercise the refund provision before the deadline. The arrangement also prompted broader discussion among analysts about conflicts of interest when institutional investors hold asymmetric downside protections not disclosed to other round participants.","heading":"Brevan Howard Refund Arrangement","severity":"high","sources":[{"credibility":2,"name":"Berachain Kept Secret a $25 Million Refund Right to a Brevan Howard Fund - Unchained Crypto","type":"news_article","url":"https://unchainedcrypto.com/berachain-documents-show-brevan-howard-offered-25-million-refund-right/"},{"credibility":2,"name":"Brevan Howard offered $25 million 'refund right' for its Berachain investment - The Block","type":"news_article","url":"https://www.theblock.co/post/380194/brevan-howard-offered-25-million-refund-right-for-its-berachain-investment-unchained"},{"credibility":2,"name":"Berachain Founder Calls $25M Refund Report 'Inaccurate and Incomplete' - Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/berachain-founder-calls-25m-refund-083302288.html"},{"credibility":2,"name":"Berachain CEO Pushes Back on Reported Terms of Investor's Refund Deal - The Defiant","type":"news_article","url":"https://thedefiant.io/news/tradfi-and-fintech/berachain-brevan-howard-nova-digital-refund-terms"},{"credibility":2,"name":"Berachain under fire: Leaked documents reveal 'risk-free' investment deal - AMBCrypto","type":"news_article","url":"https://ambcrypto.com/berachain-under-fire-leaked-documents-reveal-risk-free-investment-deal/"}]},{"content":"On November 3, 2025, Berachain validators coordinated an emergency network halt after the platform's native decentralized exchange, BEX — a fork of Balancer V2 — was targeted by an exploit stemming from a long-standing vulnerability in Balancer V2's Vault contract. The flaw resided in the manageUserBalance function, where a faulty access control check allowed unauthorized internal balance withdrawals. The broader Balancer V2 exploit affected six blockchain networks and drained approximately $128 million total. Berachain's BEX pools lost approximately $12.86 million. The Berachain Foundation coordinated with a white-hat hacker who had custody of the stolen funds. Validators executed a pre-signed emergency hard fork to restart the chain with exploiter addresses frozen, and the Foundation announced that all drained BEX funds had been returned to the Foundation's deployer wallet. BERA fell approximately 6% in the hour following the halt announcement. CoinDesk and AMBCrypto reported on the incident.","heading":"BEX Exploit and Emergency Hard Fork (November 2025)","severity":"high","sources":[{"credibility":1,"name":"Berachain Halts Network to Contain Balancer-Linked Exploit, Conduct 'Emergency Hard Fork' - CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2025/11/03/berachain-halts-network-to-contain-balancer-linked-exploit-to-conduct-emergency-hard-fork"},{"credibility":2,"name":"$128M Balancer hack drains six blockchains, forces Berachain network fork - AMBCrypto","type":"news_article","url":"https://ambcrypto.com/128m-balancer-hack-drains-six-blockchains-forces-berachain-network-fork/"},{"credibility":2,"name":"Berachain recovers $12.8M lost in Balancer exploit - crypto.news","type":"news_article","url":"https://crypto.news/berachain-recovers-12-8m-lost-balancer-exploit-2025/"},{"credibility":2,"name":"Berachain Hard Fork Traps Hacker After Balancer Exploit - Cryptonews","type":"news_article","url":"https://cryptonews.com/news/erachain-deploys-emergency-hard-fork-trap-hacker-balancer-exploit/"},{"credibility":2,"name":"Berachain BEX Incident Post-Mortem - Official X post","type":"official","url":"https://x.com/berachain/status/1986952318068146323"}]},{"content":"Following its peak TVL of approximately $3.3 billion shortly after mainnet launch, Berachain's ecosystem experienced significant deterioration across 2025. By late 2025, TVL had declined to approximately $180 million, a reduction of roughly 95%. BERA's all-time high was approximately $14.83 at mainnet launch; as of May 2026, the token trades at approximately $0.34–$0.35 — a decline of roughly 97–98% from its peak. The Berachain Foundation responded by cutting most of its retail marketing team and refocusing resources on core protocol development. Lead developer Alberto departed to co-found a Web2 company with former banking colleagues, and several developers reportedly transitioned to competing chains including Monad. Smokey the Bera addressed the shift publicly, acknowledging that a 'retail investor-first' go-to-market approach yielded poor results. The Foundation subsequently announced the 'Bera Builds Businesses' (BBB) initiative focused on incubating and acquiring cash-flow-generating applications. Upcoming token unlocks — approximately 63.75 million BERA scheduled for February 2026 including 28.58 million to private investors — were flagged by analysts as potential additional selling pressure. Monthly unlocks of approximately 2.53% of circulating supply were reported to continue.","heading":"Token Price Decline, TVL Collapse, and Team Downsizing","severity":"high","sources":[{"credibility":2,"name":"Former Star Public Blockchain Berachain in Crisis: Price Collapse, Layoffs, Developer Exodus - BlockBeats","type":"news_article","url":"https://en.theblockbeats.news/news/60913"},{"credibility":2,"name":"Berachain's BERA Token Plummets 10x, TVL Drops to $180M Amid Cuts and Developer Exodus - KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/berachain-s-bera-token-plummets-10x-tvl-drops-to-180m-amid-cuts-and-developer-exodus"},{"credibility":2,"name":"Berachain Foundation Refocuses on Core Development - Phemex News","type":"news_article","url":"https://phemex.com/news/article/berachain-foundation-shifts-focus-to-core-development-cuts-retail-marketing-team-53302"},{"credibility":2,"name":"Berachain price today, BERA to USD - CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/berachain"}]},{"content":"Berachain's founding team consists of four individuals who operate under pseudonymous identities: Smokey the Bera (co-founder, leads ecosystem, growth, and operations; holds an engineering degree from the University of Waterloo and has a background in healthcare entrepreneurship and venture capital; active in crypto since 2015; serves as a venture partner at Hack VC), Dev Bear (also known as DevBear; alleged co-founder involved in token distribution controversy), Man Bera (also listed as Homme Bera), and Papa Bear (art director; identity not publicly disclosed). The real-world legal identities of the founders other than Smokey the Bera — and Smokey's own full legal name — have not been publicly confirmed. The pseudonymous team structure has been cited by critics as a risk factor, particularly in the context of the alleged insider token selling and the asymmetric Brevan Howard deal. Smokey the Bera has spoken publicly at industry events including CoinDesk's Consensus 2025 conference, providing some degree of public accountability.","heading":"Pseudonymous Team and Transparency Concerns","severity":"medium","sources":[{"credibility":3,"name":"Smokey the Bera - IQ.wiki","type":"other","url":"https://iq.wiki/wiki/smokey-the-bera"},{"credibility":2,"name":"Meet Berachain: a new Layer 1 born from a community built around bear NFTs - The Block","type":"news_article","url":"https://www.theblock.co/post/310233/the-scoop-berachain"},{"credibility":2,"name":"Smokey Bera - Speaker, Consensus 2025 - CoinDesk","type":"other","url":"https://consensus2025.coindesk.com/agenda/speaker/-smokey-bera"}]},{"content":"Berachain has continued active protocol development following mainnet launch. In June 2025, the chain deployed the 'Bectra' hard fork, implementing Ethereum's Pectra execution-layer features (EIP-7702, EIP-7002, EIP-2935) — making Berachain the first non-Ethereum L1 to implement the full Pectra execution-layer feature set. Bectra enables account abstraction allowing any wallet to function as a smart account, execution-layer validator withdrawals, and the ability to pay gas fees using HONEY stablecoin. In July 2025, PoL V2 went live, introducing a mechanism redirecting 33% of all protocol-provided incentives as real yield to BERA stakers, providing the gas token with a native yield stream. The Foundation's BBB ('Bera Builds Businesses') initiative announced in 2026 aims to incubate, acquire, or partner with revenue-generating applications to improve the chain's economic fundamentals.","heading":"Protocol Upgrades and Ongoing Development","severity":"low","sources":[{"credibility":1,"name":"Berachain Taps Ethereum's Pectra Playbook With 'Bectra' Upgrade - CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2025/06/04/berachain-taps-ethereums-pectra-playbook-with-bectra-upgrade"},{"credibility":1,"name":"Bectra Is Live: Programmable Wallets, On-demand Exits, and More on Berachain - Official Blog","type":"official","url":"https://blog.berachain.com/blog/bectra-is-live-programmable-wallets-on-demand-exits-and-more-on-berachain"},{"credibility":2,"name":"Berachain's V2 Upgrade Goes Live - Blocmates","type":"news_article","url":"https://www.blocmates.com/news-posts/berachain-s-v2-upgrade-goes-live"}]},{"content":"As of May 2026, no U.S. Securities and Exchange Commission (SEC) enforcement actions, CFTC actions, or Department of Justice investigations against Berachain or its founders have been publicly reported. The BERA and BGT tokens are classified as utility tokens in Berachain's documentation. Berachain is incorporated in the Cayman Islands. The SEC issued a commission-level interpretive release in March 2026 classifying crypto assets into a five-part taxonomy (digital commodities, digital collectibles, digital tools, stablecoins, and digital securities); BERA has not been individually classified under this framework. The Brevan Howard refund arrangement may attract regulatory interest from a securities law perspective, though no formal proceedings have been reported. Users and investors are advised to monitor regulatory developments.","heading":"Regulatory and Legal Status","severity":"medium","sources":[{"credibility":1,"name":"SEC Clarifies the Application of Federal Securities Laws to Crypto Assets - SEC.gov","type":"regulatory","url":"https://www.sec.gov/newsroom/press-releases/2026-30-sec-clarifies-application-federal-securities-laws-crypto-assets"},{"credibility":1,"name":"Application of the Federal Securities Laws to Certain Types of Crypto Assets - Federal Register","type":"regulatory","url":"https://www.federalregister.gov/documents/2026/03/23/2026-05635/application-of-the-federal-securities-laws-to-certain-types-of-crypto-assets-and-certain-transactions-involving-crypto-assets"}]}],"sources_used":[{"credibility":2,"name":"What Is Berachain? The 'Proof-of-Liquidity' Blockchain and BERA Airdrop - Decrypt","type":"news_article","url":"https://decrypt.co/resources/what-is-berachain-proof-of-liquidity-blockchain"},{"credibility":1,"name":"Berachain Core Docs - Learn","type":"official","url":"https://docs.berachain.com/learn/"},{"credibility":2,"name":"Berachain mainnet debuts as BERA token hits $1B market cap - Blockworks","type":"news_article","url":"https://blockworks.co/news/berachain-mainnet-debuts"},{"credibility":1,"name":"Crypto's Berachain Says Funding Round Increases to $100 Million - Bloomberg","type":"news_article","url":"https://www.bloomberg.com/news/articles/2024-04-12/crypto-s-berachain-says-funding-round-increases-to-100-million"},{"credibility":2,"name":"Berachain Kept Secret a $25 Million Refund Right to a Brevan Howard Fund - Unchained Crypto","type":"news_article","url":"https://unchainedcrypto.com/berachain-documents-show-brevan-howard-offered-25-million-refund-right/"},{"credibility":2,"name":"Brevan Howard offered $25 million 'refund right' for its Berachain investment - The Block","type":"news_article","url":"https://www.theblock.co/post/380194/brevan-howard-offered-25-million-refund-right-for-its-berachain-investment-unchained"},{"credibility":2,"name":"Berachain Founder Calls $25M Refund Report 'Inaccurate and Incomplete' - Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/berachain-founder-calls-25m-refund-083302288.html"},{"credibility":2,"name":"Berachain CEO Pushes Back on Reported Terms of Investor's Refund Deal - The Defiant","type":"news_article","url":"https://thedefiant.io/news/tradfi-and-fintech/berachain-brevan-howard-nova-digital-refund-terms"},{"credibility":2,"name":"Berachain Controversy as Co-Founder Sells BERA Tokens - Beincrypto","type":"news_article","url":"https://beincrypto.com/berachain-controversy-developer-swaps-airdrop-tokens/"},{"credibility":2,"name":"Berachain token slides 60% amid insider selling - DL News","type":"news_article","url":"https://www.dlnews.com/articles/defi/berachain-token-slides-amid-insider-selling/"},{"credibility":2,"name":"Berachain co-founder regrets selling too many BERA tokens to VCs - crypto.news","type":"news_article","url":"https://crypto.news/berachain-co-founder-regrets-selling-too-many-bera-tokens-to-vcs-and-is-working-on-a-buy-back/"},{"credibility":1,"name":"Berachain Halts Network to Contain Balancer-Linked Exploit - CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2025/11/03/berachain-halts-network-to-contain-balancer-linked-exploit-to-conduct-emergency-hard-fork"},{"credibility":2,"name":"Berachain recovers $12.8M lost in Balancer exploit - crypto.news","type":"news_article","url":"https://crypto.news/berachain-recovers-12-8m-lost-balancer-exploit-2025/"},{"credibility":2,"name":"Former Star Public Blockchain Berachain in Crisis - BlockBeats","type":"news_article","url":"https://en.theblockbeats.news/news/60913"},{"credibility":1,"name":"Berachain Taps Ethereum's Pectra Playbook With 'Bectra' Upgrade - CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2025/06/04/berachain-taps-ethereums-pectra-playbook-with-bectra-upgrade"},{"credibility":1,"name":"Bectra Is Live - Official Berachain Blog","type":"official","url":"https://blog.berachain.com/blog/bectra-is-live-programmable-wallets-on-demand-exits-and-more-on-berachain"},{"credibility":2,"name":"Berachain outlines tokenomics ahead of mainnet launch and airdrop - The Block","type":"news_article","url":"https://www.theblock.co/post/339054/berachain-tokenomics-bera-airdrop"},{"credibility":2,"name":"Meet Berachain: a new Layer 1 born from a community built around bear NFTs - The Block","type":"news_article","url":"https://www.theblock.co/post/310233/the-scoop-berachain"},{"credibility":3,"name":"Smokey the Bera - IQ.wiki","type":"other","url":"https://iq.wiki/wiki/smokey-the-bera"},{"credibility":2,"name":"Berachain price today - CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/berachain"},{"credibility":1,"name":"SEC Clarifies the Application of Federal Securities Laws to Crypto Assets - SEC.gov","type":"regulatory","url":"https://www.sec.gov/newsroom/press-releases/2026-30-sec-clarifies-application-federal-securities-laws-crypto-assets"}],"summary":"Berachain is an EVM-identical Layer 1 blockchain launched on February 6, 2025, built around a novel 'Proof of Liquidity' (PoL) consensus mechanism designed to align validators, applications, and users around on-chain economic activity. The project raised $142 million across two funding rounds, achieved a peak TVL of over $3.3 billion at mainnet launch, and distributed approximately 79 million BERA tokens via airdrop. Since launch, the project has faced significant controversies including alleged insider token selling by a co-founder, a preferential refund arrangement for institutional investor Brevan Howard, a $12.8 million BEX exploit requiring an emergency hard fork in November 2025, and a prolonged token price decline of over 97% from its all-time high.","timeline":[{"date":"2021-08-27","event":"Bong Bears NFT collection launched on Ethereum at 0.069420 ETH per mint, originating in the OlympusDAO Discord community.","source":"The Block","source_url":"https://www.theblock.co/post/310233/the-scoop-berachain"},{"date":"2022-03-01","event":"Dev Bera posted a governance proposal on OlympusDAO forum seeking $500,000 in OHM to fund development of Berachain; passed with 78% approval.","source":"IQ.wiki / The Block","source_url":"https://iq.wiki/wiki/berachain"},{"date":"2022-04-01","event":"Team formally announced Berachain as an independent Layer 1 blockchain project.","source":"IQ.wiki","source_url":"https://iq.wiki/wiki/berachain"},{"date":"2023-04-01","event":"Series A funding round: $42 million raised at approximately $420 million valuation. Investors included Polychain Capital, Robot Ventures, Shima Capital, Hack VC, and dao5.","source":"Crunchbase / Tracxn","source_url":"https://tracxn.com/d/companies/berachain/__YOYlM6N4ql12WH2n0J5SkRKC4e8Fc-tFumaphl-Yhs4/funding-and-investors"},{"date":"2024-01-01","event":"Artio v1 testnet launched using Cosmos SDK; later migrated to bArtio v2 testnet using BeaconKit after Cosmos SDK could not handle transaction volume.","source":"Decrypt","source_url":"https://decrypt.co/resources/what-is-berachain-proof-of-liquidity-blockchain"},{"date":"2024-04-12","event":"Series B funding round: $100 million raised, co-led by Brevan Howard Digital (BH Digital) and Framework Ventures, with additional institutional and angel investors.","source":"Bloomberg","source_url":"https://www.bloomberg.com/news/articles/2024-04-12/crypto-s-berachain-says-funding-round-increases-to-100-million"},{"date":"2025-02-06","event":"Berachain mainnet launched. BERA token generated and distributed. ~79 million BERA airdropped. BERA reached an intra-day high of ~$14.83 before declining sharply.","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2025/02/06/berachain-s-bera-trades-at-usd8-ahead-of-79m-token-airdrop"},{"date":"2025-02-11","event":"BERA price fell to approximately $5.57, a 63% decline from its launch-day high, amid insider selling allegations and airdrop disappointment.","source":"DL News","source_url":"https://www.dlnews.com/articles/defi/berachain-token-slides-amid-insider-selling/"},{"date":"2025-02-12","event":"On-chain researcher Ericonomic identified a wallet linked to co-founder DevBear receiving ~200,000 BERA from the airdrop and swapping portions for WBTC, ETH, and other assets.","source":"Beincrypto","source_url":"https://beincrypto.com/berachain-controversy-developer-swaps-airdrop-tokens/"},{"date":"2025-03-01","event":"Berachain TVL peaked at approximately $3.3 billion, ranking it among the top DeFi chains by TVL.","source":"BlockBeats","source_url":"https://en.theblockbeats.news/news/60913"},{"date":"2025-06-04","event":"Bectra hard fork deployed: Berachain became the first non-Ethereum L1 to implement Ethereum's Pectra execution-layer features (EIP-7702, EIP-7002, EIP-2935).","source":"CoinDesk","source_url":"https://www.coindesk.com/tech/2025/06/04/berachain-taps-ethereums-pectra-playbook-with-bectra-upgrade"},{"date":"2025-07-01","event":"PoL V2 upgrade went live, redirecting 33% of protocol incentives as native yield to BERA stakers.","source":"Blocmates","source_url":"https://www.blocmates.com/news-posts/berachain-s-v2-upgrade-goes-live"},{"date":"2025-11-03","event":"Berachain halted its network after BEX (its native DEX, a Balancer V2 fork) was exploited via the Balancer V2 vault vulnerability; ~$12.86 million drained. Emergency hard fork executed; funds recovered via white-hat cooperation.","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2025/11/03/berachain-halts-network-to-contain-balancer-linked-exploit-to-conduct-emergency-hard-fork"},{"date":"2025-11-15","event":"Unchained Crypto published leaked documents alleging Berachain granted Brevan Howard's Nova Digital fund a $25 million refund right on its Series B investment, valid for one year from the TGE.","source":"Unchained Crypto / The Block","source_url":"https://www.theblock.co/post/380194/brevan-howard-offered-25-million-refund-right-for-its-berachain-investment-unchained"},{"date":"2025-12-01","event":"Berachain Foundation cut most of its retail marketing team and announced a strategic refocus on core development and the 'Bera Builds Businesses' model.","source":"Phemex News","source_url":"https://phemex.com/news/article/berachain-foundation-shifts-focus-to-core-development-cuts-retail-marketing-team-53302"},{"date":"2026-05-01","event":"BERA trading at approximately $0.34–$0.35, approximately 97% below its all-time high. Market capitalization approximately $90 million. TVL approximately $180 million.","source":"CoinGecko","source_url":"https://www.coingecko.com/en/coins/berachain"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 1261e090-9c8b-47fd-b6d7-43f7fda34565copy