Bedrock Suffers $2 Million Exploit, Pauses Contracts and Plans Token Airdrop for Affected Users

Quick Summary:

Bedrock Suffers $2 Million Exploit, Pauses Contracts and Plans Token Airdrop for Affected Users Bedrock, an Ethereum liquid staking platform, has announced that it recently fell victim to a $2 million exploit involving its uniBTC token, according to an official statement on the platform’s Telegram channel.

The temporary suspension of the uniBTC contract allows Bedrock to investigate the breach and determine how the exploit occurred.

However, Bedrock’s swift response, including the decision to pause the contract and compensate users through an airdrop, demonstrates the platform’s commitment to maintaining user trust and restoring confidence in its services.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bedrock Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 04:17:09 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 838 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22744478

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Headquarters: India

News Last Updated: 9 hours ago

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Publisher ID: #121

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