**Bedrock Hit by $2M Security Exploit**

Multi-asset liquid staking protocol Bedrock has confirmed a security breach involving its synthetic Bitcoin token, uniBTC, resulting in a $2 million loss. The hack, disclosed on Sept. 27, primarily affected decentralized exchange liquidity pools.

Bedrock assured users that the issue has been managed and remaining funds are secure. A reimbursement plan and detailed post-mortem report are forthcoming.

Launched in February 2023 by RockX, Bedrock specializes in liquid staking for institutional investors, boasting over $240 million in total value locked. Despite the setback, the protocol remains a significant player in the rapidly growing liquid staking market.