#加密货币监管 This incident reveals the complexity and potential risks of investment terms in the crypto industry. Berachain granting Brevan Howard special refund rights could not only trigger legal disputes but also harm the interests of other investors. According to on-chain data, if Brevan Howard does exercise the refund right, it would have a significant impact on Berachain's liquidity. Such opaque preferential terms also reflect the lack of regulatory oversight in crypto project financing. In the future, we need to closely monitor the developments of similar cases and any relevant policies that regulators may introduce.

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