Bedrock Discovers UniBTC Security Vulnerability: $2 Million at Risk

Security Vulnerability Discovered in Bedrock Protocol

On September 27, the multi-chain liquidity re-staking protocol Bedrock reported a significant security vulnerability linked to uniBTC. This announcement was made via the protocol's Telegram channel, highlighting the team's proactive approach to safeguarding user assets.

Immediate Action Taken

In response to the detected vulnerability, Bedrock has taken the precautionary step of pausing the affected contract. This decision was made to protect users and ensure the security of their assets. The team assured users that the Bitcoin held in the custodial wallet remains secure despite the incident.

Estimated Loss Due to Breach

The breach is estimated to have caused a total loss of approximately $2 million. Such a figure underscores the gravity of the situation and the importance of the measures being implemented.

Coordination with Partners for Enhanced Security

Bedrock has communicated that they are actively working with various decentralized exchanges (DEX), security audit teams, and partner projects to revoke permissions that may have been exploited during the breach. This collaborative effort aims to bolster the protocol’s security framework and restore user confidence.

Blacklisting Affected Addresses

If any permissions cannot be revoked, the affected wallet addresses will be blacklisted to prevent any further unauthorized access. This step is critical in limiting the potential fallout from the identified vulnerability.

Conclusion

Bedrock's management of this incident demonstrates a strong commitment to user security and highlights the ongoing risks within the crypto space. Users are encouraged to stay updated through official communication channels as the situation develops.