Berachain's privacy terms revealed: Brevan Howard's $25 million investment is refundable after TGE, and other investors were unaware of this.
On November 25, it was reported that Berachain granted one of its Series B lead investors, Brevan Howard, the right to a "risk-free refund of the investment after the TGE" without the knowledge of other investors. According to the documents, Berachain granted the fund the right to exercise a refund on its $25 million Series B investment within up to one year after the token generation event on February 6, 2025. Other investors were unaware of this.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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