Bedrock: The vulnerability issue has been addressed, and all uniBTC assets held by users are secure

2024-09-27 20:41:43
Collection

ChainCatcher message, the multi-chain liquidity re-staking protocol Bedrock responded to the uniBTC security vulnerability incident in a post on X, stating that the vulnerability issue has been addressed and all uniBTC assets held by users are safe. The specific response is as follows:

  • Bedrock assures all users that the BTC in the custodial wallet and the BTC in reserves are safe;
  • The estimated total impact of this vulnerability is about $2 million (mostly from DEX LP);
  • The real cause of the vulnerability has been identified, and measures are being taken to address it;
  • A comprehensive compensation plan is being finalized and will be shared soon along with a post-incident report;
  • Bedrock is working closely with DEX, security audit teams, and partners to recover the lost funds;
  • Proof of reserves will be shared immediately once obtained to ensure transparency.

Previous news, the multi-chain liquidity re-staking protocol Bedrock announced on its Telegram that the team has become aware of the security vulnerability involving uniBTC. In response, the team suspended the contract to protect users and their assets. The team stated that the BTC in the custodial wallet is safe. The BTC in reserves is safe, and the total estimated loss from theft is about $2 million.

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