Why Berachain Gave Brevan Howard a Secret $25M Escape Hatch - Ep. 961

This podcast episode of Unchained features Steve Ehrlich interviewing Jack Kubinec about his investigative story on Berachain's Series B fundraise. Kubinec discusses the unusual terms offered to Brevan Howard Digital, including a refund right that allows them to demand their $25 million investment back under certain conditions. The conversation explores the implications of this deal, potential conflicts with most favored nation clauses granted to other investors, and the broader issue of transparency in crypto venture capital. They also touch on Berachain's response to the story and the recent spin-out of Nova Digital from Brevan Howard, raising questions about the future of the investment and the potential for legal challenges.