• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Berally Hack on Berachain: Key Leakage and Consequences

user avatar

by Giorgi Kostiuk

4 hours ago


Recently, the Berally project on the Berachain blockchain experienced a significant breach. Hackers accessed tokens due to a key leakage.

Details of the Berally Hack

According to a post on Berally's official X page, the hacker managed to drain vesting tokens from the liquidity pool following a key leak. While the exact number of drained tokens was not specified, users were advised to revoke access from the dApp and Staking. However, dApp contracts remain safe. Users are advised against interacting with Berally tokens until the situation is fully understood.

Situation on Berachain After Launch

Berachain launched its mainnet on February 6, 2025, and its native token BERA reached an all-time high of $14.99. However, market instability and profit-taking from airdropped tokens soon caused the price to drop to $4.74. While the price has somewhat stabilized around $6.04 to $6.20, investor caution remains.

Reaction from Berachain's Founder

Berachain's founder Smokey shared his thoughts on the network's launch and improvement plans in a post on X. He noted the team's ongoing efforts to address errors and enhance the network. Smokey expressed gratitude to his team and emphasized the need to improve the project's tokenomics to overcome sell pressure.

The Berally incident on Berachain highlights the importance of key protection and user security. The team is working to resolve the situation and prevent future occurrences.

0

Share

Other news

Bitcoin Open Interest Increase and Its Market Impact

Prices and weak demand push Bitcoin investors towards caution.

user avatarGiorgi Kostiuk

4 minutes ago

Qubetics: Opportunities and Prospects of the New Cryptocurrency

Qubetics offers innovative blockchain solutions with high ROI potential and real utility. Learn all about this project's aspects.

user avatarGiorgi Kostiuk

9 minutes ago

U.S. Regulators Under Pressure as Coinbase Demands Clarity

Coinbase seeks transparency from U.S. regulators, filing Freedom of Information Act requests for clarity on regulatory actions.

user avatarGiorgi Kostiuk

14 minutes ago

Arctic Pablo Coin: A Second Chance for Crypto Investors

Arctic Pablo Coin offers new opportunities for investors after Brett's success with its unique presale structure.

user avatarGiorgi Kostiuk

15 minutes ago

Trump's Trade War: Impacts on Various Industries

How is Trump's trade war affecting the U.S. economy? Discover which industries are thriving and which are struggling due to the imposed tariffs.

user avatarGiorgi Kostiuk

15 minutes ago

Comparing Solana, Polkadot, and Qubetics in the Crypto World

Overview of Solana and Polkadot's roles and the emergence of Qubetics in blockchain.

user avatarGiorgi Kostiuk

16 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.