PANews reported on November 25th that, in response to reports that Brevan Howard's subsidiary, Nova Digital, has a $25 million refund right to its investment in Berachain , Smokey the Bera, an anonymous co-founder of Berachain, responded on the X platform: "This malicious smear article is neither complete nor accurate. The facts are as follows: 1. A year ago, Brevan..." Howard led the Series B funding round through Nova's Abu Dhabi office, with investment terms identical to all other investors; Nova had proactively contacted Howard several months prior to lead the round. 2. Nova's compliance team requested an additional clause to prevent Berachain from failing to complete its TGE and go public, thus disqualifying the locked BERA tokens purchased during the funding round from becoming eligible investments through Nova's liquidity strategy. Therefore, a supplemental agreement was signed, committing Nova to undertake additional business arrangements, including an agreement to provide liquidity after the network launch; this agreement was not intended to enter into deals with uninterested parties or to mitigate post-launch losses, as such practices have precedent. 3. On the contrary, Nova remains one of Berachain's largest token holders, a liquidity provider, holding the locked BERA tokens from the Series B funding round as well as the liquidity tokens BERA purchased on the open market, consistently supporting us and increasing its holdings over time.