Is Bedrock Safe?
Risk Grade: C- (54/100)
Bedrock is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — proven exploit and suspicious coordinated exit demonstrate fundamental security and concentration risks at $335M scale
A multi-chain liquid staking and restaking platform offering BTC and ETH liquid staking tokens across 15+ blockchains. It holds $335M in deposits. Its C- grade reflects two major incidents: a $2M exploit via an unaudited mint function and a $47.59M coordinated exit in 100 seconds that exposed extreme liquidity concentration.
TVL
$354M
Mechanisms
7
Interactions
6
Value Grade
C
Key Risks for Bedrock Users
A $2M hack in September 2024 exploited an unaudited function that should never have been deployed. This indicates weak security practices before launch.
In July 2025, 26 wallets drained $47.59M in just 100 seconds. This kind of coordinated exit suggests either insider knowledge or extreme whale concentration.
Your tokens are bridged across 15+ blockchains. If any bridge is hacked, the tokens on the destination chain become worthless.
Top Risk Factors
- •September 2024 uniBTC exploit ($2M) caused by unaudited mint function demonstrates weak pre-deployment security practices.
- •July 2025 coordinated exit: 26 addresses drained $47.59M in 100 seconds, exposing fragile liquidity concentration and potential insider coordination.
- •Multi-chain deployment across 15+ chains amplifies bridge risk and creates cross-chain supply accounting complexity.
Risk Score Breakdown
Bedrock's highest risk area is Interaction Severity (17/20). Here's how each dimension contributes to the overall 54/100 score:
Read the Full Bedrock Risk Report
This protocol has 2 collapse scenarios. 2 critical and 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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