#Bedrock Protocol Hit by $2M Exploit 🥷

👀Liquid restaking protocol Bedrock confirmed it suffered a security exploit involving uniBTC, leading to a $2 million loss.

The team addressed the root cause and assured users that all remaining #assets are safe.

Losses primarily occurred in decentralized exchange #liquidity pools. A reimbursement plan is being finalized, along with a post-mortem report. 🗒

Wrapped $BTC and standard #Bitcoin❗ reserves remain secure. 🧐

Bedrock has over $240 million in total value locked (TVL).#BinanceLaunchpoolHMSTR