Bedrock Protocol Hit by $2M Crypto Heist Amid Rising Security Concerns
Bedrock Protocol, a multi-asset liquid staking platform, has fallen victim to a security exploit that resulted in the loss of approximately $2 million in assets. The incident occurred on September 27, and hackers targeted uniBTC, a synthetic Bitcoin token used in decentralized finance.
The attack is the third consecutive hack in recent days, following breaches at BingX ($50 million) and Truflation ($4.6m). Bedrock confirmed the breach via a post on X, stating that the root cause had been 'handled.'
Most losses occurred in decentralized exchange liquidity pools, but underlying wrapped BTC tokens and standard Bitcoin held in reserves remained secure. Bedrock reassured users that all remaining funds were safe and promised to issue a reimbursement plan soon.