The Bedrock team reported that hackers exploited a vulnerability in the synthetic uniBTC token, but customer funds are safe, including underlying bitcoins.
The protocol indefinitely stopped interaction with the uniBTC smart contract. According to Bedrock representatives, the hackers’ main target was the liquidity pools of decentralized platforms.
“The root cause of the exploit has been identified and we are taking action to address it. A comprehensive redress plan is being finalized and will be released shortly along with the incident report,” the statement said.
Bedrock noted that it is cooperating with auditing companies and white hat hackers to return stolen assets.
The company promised to provide confirmation of reserves after the investigation into the incident is completed, and assured that no additional actions are required from the community to protect funds.
Previously, the Truflation blockchain service, which provides economic and inflation data in real time, was attacked by hackers and lost a total of $5.23 million in cryptocurrencies.
Source: Bits
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