# hnj 

> hh y775 67u 

**Published by:** [godbleese.eth](https://paragraph.com/@godbleese.eth/)
**Published on:** 2024-09-27
**URL:** https://paragraph.com/@godbleese.eth/hnj

## Content

Important Announcement from the Bedrock Team We want to inform you that the Bedrock team is aware of a security exploit involving uniBTC. The issue has been handled and funds are SAFU. We want to reassure everyone that the underlying wrapped BTCs and BTCs in reserves are secure. The total estimated impact of the exploit is approximately $2 million (mostly in DEX LPs). The root cause has been identified and we are taking steps to address it. A comprehensive reimbursement plan is being finalized and will be shared shortly together with a post-mortem report. Bedrock is collaborating closely with audit teams and white hats to recover the lost funds. A Proof of Reserves will be shared once it is available to ensure transparency. At this time, no extra actions are required from our community. Rest assured that all uniBTC held by users are safe.

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