VeraChain Denies Brevan Howard Special Investment Refund Privileges Reports

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author: CryptoNews

date: November 25, 2025

1 min. read

VeraChain (BERA) has refuted claims that Brevan Howard received preferential investment refund conditions. Recent reports suggested Brevan Howard's 2024 agreement included a one-year refund window post-BERA token launch. Smokey The Bera, a VeraChain founder, addressed the allegations on X, stating Brevan Howard's Series B investment, made through Nova in Abu Dhabi, was under the same terms as other investors. A Nova side letter allowed a refund request one year after the Token Generation Event (TGE) for a $25 million investment if the token price significantly dropped below $3. VeraChain maintains this condition wasn't a privilege but a mutually agreed-upon term considering fund operating regulations and liquidity needs. They emphasize parity among investors, dismissing the notion of special treatment for Brevan Howard. ```