$2 Million Vulnerability: Bedrock Prepares Recovery Plan

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The project promises compensation after the leakage of funds.

The Bedrock team has announced the identification of a vulnerability related to the uniBTC token, which affected funds worth about $2 million. Most of the losses affected liquidity pools on decentralized exchanges (DEXs LPs). Despite the incident, all funds wrapped in BTC and BTC reserves remain safe, project representatives assured.

The cause of the problem was quickly identified, and the Bedrock team is already taking steps to fix it. A compensation plan for the victims is currently being developed, which will be submitted along with a detailed report on the incident.

Bedrock actively cooperates with auditors and cybersecurity specialists to recover lost funds. To ensure transparency, the team will also prepare and publish a "Proof of Reserves".

The message emphasizes that users do not need to take additional action. All uniBTC tokens in users' accounts remain safe.

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