[Berachain Co-Founder Responds to 'Nova Digital Has Refund Rights': The Report Is Neither Accurate Nor Complete, Nova Remains One of the Largest Token Holders] BlockBeats News, November 25, Berachain co-founder Smokey the Bera issued a statement on social media in response to reports that 'Berachain allegedly provided Nova Digital with a $25 million refund right during its Series B funding,' stating that the report is 'neither accurate nor complete.' Smokey the Bera clarified the details of the investment agreement with Brevan Howard: Brevan Howard, through its Abu Dhabi office's Nova fund, co-led Berachain's Series B funding round a year ago, with investment terms identical to those of other investors. Nova's compliance team requested the addition of clauses to mitigate risks related to TGE failure and failure to list, leading both parties to sign a supplementary commercial agreement, which included a commitment to provide liquidity after the network launch. Smokey the Bera emphasized that Nova remains one of the largest token holders of Berachain, and possibly the largest. It holds locked BERA tokens obtained during the Series B funding round as well as liquid BERA tokens purchased from the open market, and has continued to increase its holdings amid market fluctuations.