VerifiedX Ships Vault Update Aimed at Stopping Hacked vBTC Transfers
By Unchained
AI summary of the source article
VerifiedX released a new version of its recovery Vaults alongside its Mainnet 9.0.0 upgrade. The feature allows vBTC holders to reverse transfers sent by mistake or theft before settlement.
Why it matters
VerifiedX head of strategy Jay Pollak stated that assuming security is over once an asset can be moved is not an "acceptable end state for a financial system responsible for protecting potentially trillions of dollars of value."
Key facts
- VerifiedX launched updated recovery Vaults as part of its Mainnet 9.0.0 upgrade.
- Vaults allow owners to set a cooling-off window to claw back transfers to a recovery address before final settlement.
- The protection applies to vBTC, VFX, and other assets minted on the layer 1 network, enforced by consensus rules rather than a custodian.
Source excerpt · Unchained
The layer 1 network says owners can set their own delay before a transfer settles; the announcement comes a week after attackers took over 18,000 BTC from Binance. The post VerifiedX Ships Vault Update Aimed at Stopping Hacked vBTC Transfers appeared first on Unchained .