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On September 27, 2024, Bedrock, a liquid restaking protocol, experienced a $2 million security exploit due to a bug that allowed users to trade Bitcoin and Ethereum at a 1:1 ratio. In response, Bedrock has integrated Chainlink's Proof of Reserve (PoR) to enhance the security of its minting function and prevent future exploits. Chainlink's industry-standard PoR provides cryptographic guarantees around asset reserves, aiming to secure Bedrock’s platform. Additionally, Bedrock has offered the hacker a job as a 'white hat' to help secure vulnerabilities.





