Tag: Bedrock

Bedrock has introduced brBTC, a new Bitcoin derivative, to enhance Bitcoin's role in decentralized finance (DeFi).  Integrated into Bedrock's Liquid Restaking Token (LRT), brBTC addresses key challenges in the DeFi space, including fragmented liquidity and limited yield opportunities. By enabling Bitcoin holders to deposit various derivatives, such as WBTC and ...

Bedrock, a multi-asset liquid staking protocol, has confirmed it was targeted in a security exploit involving uniBTC, resulting in the theft of approximately $2 million. In a September 27 post on X (formerly Twitter), Bedrock acknowledged the security breach involving uniBTC, a synthetic Bitcoin token used in DeFi, which led ...