Liquid restaking protocol Bedrock suffers $2M exploit

Bedrock says the root cause of the exploit has been “handled” and reassured users that all remaining assets were safe. 

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Multi-asset liquid staking protocol Bedrock has confirmed it has fallen victim to a “security exploit” involving uniBTC, with hackers making off with around $2 million in funds. 

In a Sept. 27 post to X, Bedrock said it was aware of a security exploit involving uniBTC—a synthetic Bitcoin token used in DeFi — that resulted in the loss of approximately $2 million in assets. 

The restaking protocol said the issue had been “handled” adding that its team was taking steps to address the root cause. It reassured users that all remaining funds were safe and they would be issuing a reimbursement plan in the near future. 

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