Bedrock recently announced the identification of the unibtc token, which suffered losses of about $2 million. The majority of the losses affected the liquidity bullets on decentralized exchanges (DEX LPS). However, despite the incident, representatives of the project reassured that all funds wrapped in BTC and BTC reserves remain secure.
The reason for the problem was quickly identified, and the Bedrock team is actively working to address it. They are currently developing a compensation plan for the victims, which will be accompanied by a detailed report on the incident.
Bedrock is collaborating closely with auditors and cybersecurity experts to recover the lost funds. In an effort to maintain transparency, the team will also prepare and release a “Proof of Reserves” to demonstrate the availability of reserves.
The message from Bedrock stresses that users do not need to take any additional actions. All UNIBTC tokens held in user accounts are unaffected and safe. As the investigation and recovery efforts continue, the project is striving to protect the interests of its users.