{"id":17331,"date":"2024-09-27T12:14:12","date_gmt":"2024-09-27T09:14:12","guid":{"rendered":"https:\/\/forklog.com\/en\/2-million-stolen-from-bedrock-bitcoin-restaking-protocol\/"},"modified":"2024-09-27T12:14:12","modified_gmt":"2024-09-27T09:14:12","slug":"2-million-stolen-from-bedrock-bitcoin-restaking-protocol","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/2-million-stolen-from-bedrock-bitcoin-restaking-protocol\/","title":{"rendered":"$2 Million Stolen from Bedrock Bitcoin Restaking Protocol"},"content":{"rendered":"<p>Hackers exploited a vulnerability in the synthetic token uniBTC, allowing them to steal $2 million from the Bedrock Bitcoin restaking protocol.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u26a0\ufe0fImportant Announcement from the Bedrock Team<\/p>\n<p>We want to inform you that the Bedrock team is aware of a security exploit involving uniBTC. The issue has been handled and funds are SAFU.<\/p>\n<p>We want to reassure everyone that the underlying wrapped BTCs and BTCs in reserves are\u2026<\/p>\n<p>\u2014 Bedrock | Bitcoin Restaking LIVE (@Bedrock_DeFi) <a href=\"https:\/\/twitter.com\/Bedrock_DeFi\/status\/1839479965685100780?ref_src=twsrc%5Etfw\">September 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On September 27, the platform&#8217;s team announced the discovery and resolution of the issue, assuring users that their funds, including both wrapped and base bitcoins, are safe.<\/p>\n<p>The protocol temporarily halted interactions with the uniBTC contract. According to Bedrock representatives, the attack targeted DEX liquidity pools.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe root cause [of the exploit] has been identified, and we are taking steps to address it. A comprehensive reimbursement plan is nearing completion and will soon be published along with an incident report,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>Bedrock is collaborating with auditing groups and white-hat hackers to recover the lost funds. The company also promised to provide proof of reserves after the investigation concludes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAt this time, no additional action is required from our community. Rest assured, all uniBTC held by users is safe,\u201d the developers emphasized.<\/p>\n<\/blockquote>\n<p>Earlier, the team behind the trading Telegram bot Banana Gun confirmed their intention to reimburse affected users $3 million stolen in an attack.<\/p>\n<p>In July-September, cryptocurrency companies faced 34 incidents of hacks and fraud, resulting in losses exceeding $413 million, according to Immunefi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hackers exploited a vulnerability in the synthetic token uniBTC, allowing them to steal $2 million from the Bedrock Bitcoin restaking protocol. \u26a0\ufe0fImportant Announcement from the Bedrock Team We want to inform you that the Bedrock team is aware of a security exploit involving uniBTC. The issue has been handled and funds are SAFU. We want [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1263],"class_list":["post-17331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-restaking"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17331"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17330"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}