BERALLY

DESCRIPTION OF EVENTS

Berally is a next-generation SocialFi and AI-driven asset management platform built on Berachain, designed to empower both retail and professional traders. It offers innovative tools like Berally Pass for building on-chain reputations, Berally Pot for creating crowd-funded trading vaults, and AI Agents via Cybera to automate and optimize trading strategies. Users can earn passive income through staking, participating in vaults, or owning and deploying AI agents that generate yield through Berachain’s Proof of Liquidity. With a strong roadmap through 2025—including mobile apps, full AI automation, and major DeFi integrations—Berally aims to simplify and decentralize financial growth for everyone.

Berally blends social features like gated communities and crowd-funded vaults with advanced automation through Cybera’s AI agents. These agents can scout alpha, make trades, and manage strategies autonomously. Inspired by platforms like FriendTech and Hyperliquid, Berally aims to centralize the power of social trading, AI, and DeFi into one seamless ecosystem, positioning itself as the future of automated on-chain asset management.

"The exact method by which the deployer’s private key was compromised is currently unknown. Our security team, working alongside external forensic experts, is conducting a thorough investigation to identify the source of the breach. We know the key was stored locally and, despite safeguards, was accessed by the attacker, allowing them to bypass contract security measures and execute privileged actions. One possibility under consideration is a social engineering attack targeting our DevOps team, but we lack definitive evidence at this stage and are still examining all leads. This incident highlights a critical failure in our key management practices, and we take full responsibility for it. We are committed to determining the precise cause and will share a comprehensive update once our investigation provides clear answers."

"The majority of the liquidity pool was emptied, with funds quickly moved to mixers, making recovery efforts challenging. The Berally dApp and related smart contracts remain secure and unaffected, as verified by initial audits and internal reviews. This exploit targeted key management, not flaws in our protocol. User wallets, managed securely through Dynamic, were not compromised."

"The official statement reads: “Partial information of the deployer's key was leaked, leading to the sell-off of all vesting tokens and withdrawal of funds from the liquidity pool. The dApp contract remains secure and unaffected by the hack, but please temporarily revoke access to the dApp and Staking. An investigation is underway, and an update will be provided as soon as possible.”"

"Upon discovering the breach, we took the following steps without delay: Revoked the compromised key and transferred ownership to new multi-signature secured keys at 04:00 UTC on March 15. Contacted partners across our network for assistance, including Berachain ecosystem collaborators, cybersecurity firms, centralized exchanges, and mixer operators, to aid in tracking and containment efforts. Suspended all staking, airdrop, and rewards functions until a complete security review is finalized."

"This exploit was limited to the wallet that deployed the $BRLY token. All contracts tied to the Berally dApp remain secure, having been audited twice previously. We’ve also consulted additional experts to confirm the safety of the dApp, and no issues have been identified, as its contracts operate in a permissionless manner. Currently, we are developing a detailed recovery and compensation plan, with our highest priority being to mitigate the damage to token holders and support our community. Our strategy involves deploying a new token, backed by the same liquidity amount drawn from our treasury, and distributing it via an airdrop to holders affected by the hack."

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@Berally_io Twitter (May 8)
@Berally_io Twitter (May 8)
@Berally_io Twitter (May 8)
@Berally_io Twitter (May 8)
@Berally_io Twitter (May 8)
@Berally_io Twitter (May 8)
Berally (May 8)

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