[Berachain Co-Founder Denies Offering 'Special Refund Rights,' Claims Relevant Terms Are Compliance Arrangements with Industry Precedents] Regarding the claim that 'Nova Digital, a subsidiary of Brevan Howard, reportedly enjoys a $25 million refund right on its investment in Berachain,' Berachain's anonymous co-founder Smokey the Bera responded on the X platform: 'This malicious smear article is both incomplete and inaccurate. Here are the facts: 1. A year ago, Brevan Howard, through its Abu Dhabi office's Nova, led the Series B funding round. The investment terms were identical to those of all other investors; Nova proactively reached out months earlier expressing interest in leading the round. 2. Nova's compliance team requested the addition of a clause to safeguard against Berachain failing to conduct a TGE (Token Generation Event) and launch. Without this, the locked tokens (BERA) purchased during the funding round would not qualify under Nova's liquidity strategy. Thus, a supplemental agreement was signed, with Nova committing to additional commercial arrangements, including an agreement to provide liquidity after the network launch. This agreement was not intended to strike deals with uninterested parties or to mitigate post-launch losses, and such practices have precedents in the industry. 3. On the contrary, Nova remains one of Berachain's largest token holders, a liquidity provider, holding both the locked BERA tokens acquired during the Series B funding round and the liquid BERA tokens purchased on the open market. They have consistently supported us and have increased their holdings over time.'