Berachain has paused its Proof of Liquidity (PoL) incentive claims following the discovery of a potential vulnerability in the claim contract earlier today. The team confirmed that no user funds were lost and that incentives will be claimable again within the next 24 hours.
Details of the Incident
The issue was identified in the PoL Incentive Claim contract. In response, Berachain paused claims and withdrew all funds from the affected contract. These funds will be migrated to a new contract shortly. The team stated that the vulnerability was prevented from being exploited, and the pause was a precautionary measure to secure assets and prepare for migration.
During this process, merkles for distribution are being recreated, which may temporarily impact displayed BGT APRs. However, rewards will return to normal once migration is complete. No user funds are at risk or were lost.
Market Reaction
Despite the security update, Berachain’s price did not experience negative impact. At the time of writing, the token is trading at $1.81, up around 7% for the day. This increase is in line with broader positive momentum across the crypto market.
However, Berachain’s longer-term price trend remains negative. Over the past month, the coin has declined by more than 25%. Its current valuation is far below its launch range of $6-$8, with the token reaching an all-time low of $1.51 just over two weeks ago.
Read also: Berachain (BERA) Drops 50% in April – Can It Recover?
Governance Update
Three days before the security announcement, Berachain approved RFRV Batch 15, introducing new reward vaults focused on validator alignment, BTC-native liquidity, and cross-asset LP automation. The update included vaults from Origami, Charm and Kodiak, SatLayer, Beraborrow, and Yeet, each aiming to strengthen liquidity and participation across the ecosystem.
This governance update has likely contributed to the positive price trend seen in recent days.
Current Status
Incentives are expected to be claimable again within the next 24 hours once migration to the new contract is finalised. Berachain has stated that further updates will be provided as the process progresses.
