Bedrock has confirmed that it lost approximately $2 million due to a “vulnerability” related to its multi-asset liquid staking protocol, uniBTC.

In a statement on the X platform on September 27, Bedrock said it was aware of a vulnerability related to uniBTC, a synthetic Bitcoin token used in DeFi, which led to the loss of approximately $2 million in assets.

Bedrock said the issue has been “addressed” and that the team is taking steps to resolve the root cause of the issue. It noted that all remaining funds are safe and that it will be issuing a refund plan soon.

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