Bitcoin Dual Staking Protocol b14g Reports Unauthorized Transfer of 97 Million CORE Tokens

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The Bitcoin dual staking protocol b14g announced a protocol update following an unauthorized transfer of 97 million CORE tokens from its staking contracts on October 31 at 09:29 UTC. The affected contracts have been paused, and the project is working with Core, security firms, and exchanges to investigate and recover the funds. Approximately 68 million CORE tokens remain on the Core network, with around 900,000 frozen by exchanges. BTC staked via b14g remains locked on the Bitcoin network and is unaffected. The team emphasized user protection and fund recovery, with a post-mortem analysis to be released. The incident adds to ongoing Bitcoin news centered on security and governance in DeFi protocols.

ChainCatcher report: The Bitcoin dual-staking protocol b14g has released a security update stating that at 09:29 UTC on October 31, approximately 97 million CORE tokens staked via b14g were unauthorizedly withdrawn and transferred to addresses controlled by the attacker. Upon discovery, the project team immediately paused the affected contracts. b14g stated that it is currently collaborating with the Core team, security partners, and exchanges to investigate the incident, trace the funds, and coordinate the freezing and recovery of assets. According to existing tracking, approximately 68 million CORE tokens remain on the Core network, and exchange partners have frozen around 9 million CORE tokens associated with the attacker. The affected assets are exclusively CORE tokens staked via b14g; BTC tokens staked via b14g remain locked on the Bitcoin network and are unaffected. The project team emphasized that its current priority is protecting users and recovering compromised funds, and will release a detailed post-incident analysis covering the technical cause, scope of impact, and next steps for affected users. The two attacker addresses disclosed by b14g are 0xc556ed208285406d71705927f92d4f4eaea579f1 and 0x27758c30f8e424fbd8ca605bf31e9496c26ce92c. b14g is positioned as a BTCFi coordination layer providing dual-staking matching for Core and Babylon.

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