Bedrock Protocol Hit by $2M Crypto Heist Amid Growing Security Concerns
Bedrock Protocol has fallen victim to a security exploit, resulting in the loss of approximately $2 million in assets. The incident occurred on September 27, when hackers targeted the synthetic Bitcoin token uniBTC, which is used in decentralized finance.
The breach is the third consecutive hack in recent days, following the BingX $50 million breach and the Truflation $4.6m Malware Attack. Bedrock confirmed the breach via a post on X and stated that the root cause had been 'handled.'
The company reassured users that all remaining funds were safe and plans to issue a reimbursement plan soon. The most losses occurred in decentralized exchange liquidity pools, but underlying wrapped BTC tokens and standard Bitcoin held in reserves remained secure.