Bedrock, an Ethereum liquid staking platform, suffered a $2 million exploit involving its uniBTC token. In response, Bedrock paused the affected contracts and assured users that BTC reserves remain secure. The platform identified the breach after detecting suspicious activity and is investigating how the exploit occurred.
To compensate affected users, Bedrock plans to take a snapshot of balances before the incident and issue an airdrop of new tokens to restore user holdings. The platform is working with security experts to enhance protection and prevent future attacks. More details on the airdrop and security measures will be shared soon.
This incident underscores the ongoing security challenges within DeFi, despite Bedrock’s swift response to protect users and rebuild trust.