I've been looking through the history of BTC restaking protocols and the Bedrock exploit is hard to ignore.
A small pricing mismatch was enough for attackers to mint uniBTC far below its intended backing.
Back in Sept 2024 a 2M hack hit their uniBTC mint because of a price calc glitch between ETH deposits and BTC backing in some vaults.
Attackers minted uniBTC super cheap against ETH but the team owned it fast disclosed everything and fixed it with Dedaub and others. Still shows smart contract risks linger in their BTC liquid restaking even after later audits.
This matters a lot for anyone in BTC restaking. Bedrock focuses heavy on uniBTC brBTC with non custodial RockX and EigenLayer boosts. But the hack proves tiny pricing glitches in ETH to BTC backing can get exploited bad.
Attackers minted way more uniBTC than they should. Hit for about 2M before stopped. Team jumped on it disclosed full details and fixed with Dedaub plus others. Good response but it reminds us smart contract risks stick around in these BTC flows even with new audits.
As a trader I always look at this stuff. Self custody and privacy are key but past incidents like this make me check on chain history close before big moves. No protocol is perfect.
What you think old news or warning sign drop thoughts below sharing so we watch sharp. DYOR and hold your keys. History counts in DeFi.
