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The founder of Berachain accused the report "Brevan Howard receives a $25 million refund right" of being "inaccurate and incomplete."
Smokey the Bera, the anonymous co-founder of Berachain, objected to a report that revealed that Nova Digital Fund, part of Brevan Howard, obtained a unique $25 million refund right in its Series B investment. Smokey the Bera stated that the report is incomplete and inaccurate.
Documents obtained by Unchained show that Brevan Howard's Nova Fund has received an unusual post-issuance refund provision, allowing it to reclaim the entire $25 million investment before February 6, 2026 (one year after the Berachain token issuance).
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