Bedrock

Bedrock receives a C- risk grade (54/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Bedrock are: (1) A $2M hack in September 2024 exploited an unaudited function that should never have been deployed. This indicates weak security practices before launch. (2) 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. (3) Your tokens are bridged across 15+ blockchains. If any bridge is hacked, the tokens on the destination chain become worthless.

Bedrock scores 54/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 17/20, Oracle Surface: 5/10, Documentation Gaps: 3/10, Track Record: 10/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 5/10. The highest risk area is Interaction Severity at 17/20.

Among 81 rated Liquid Staking protocols on Hindenrank, Bedrock ranks #81 by safety (lowest risk score = safest). Its 54/100 risk score and C- grade place it among the riskier Liquid Staking protocols.

Bedrock scores 10/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.