Bedrock uniETHBedrock says uniBTC unaffected by Binance hot-wallet breach
Bedrock_DeFi said it is closely monitoring the situation surrounding Binance after the exchange's record hot-wallet breach, and confirmed that unicBTC has no direct exposure to Binance. The protocol stated that all underlying Bitcoin collateral and vault reserves remain unaffected, and that all protocol contracts plus mint/redeem functions are operating as usual.
- No uniBTC funds held at or dependent on Binance
- Vault reserves and Bitcoin collateral untouched by the incident
- Mint/redeem functions operating normally; users pointed to Chainlink Proof of Reserve to track and verify reserves live on-chain
Sources
- Track and verify our reserves live on-chain via @chainlink Proof of Reserve (PoR): https://t.co/WDsKz4djgw https://t.co/vWIknLyXDG Replying to their earlier post: We are closely monitoring the recent situation surrounding Binance: • Bedrock and $uniBTC have no direct exposure to Binance • All underlying Bitcoin collateral and vault reserves remain unaffected •…x.com ↗
- We are closely monitoring the recent situation surrounding Binance: • Bedrock and $uniBTC have no direct exposure to Binance • All underlying Bitcoin collateral and vault reserves remain unaffected • All protocol contracts and mint/redeem functions are operating as usual Userx.com ↗
Bedrock uniETH
Bedrock is a non-custodial solution that brings a whole new level of compliance, transparency and security to liquid staking. With this integration, Bedrock gives Coin98’s mass user base access to a secure, transparent and compliant institutional-grade liquid staking solution.
