VerifiedX Adds Recovery Delays To VBTC Transfers In Mainnet 9.0
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VerifiedX Launches Recovery Vaults for Bitcoin-Backed vBTC
VerifiedX has launched recovery Vaults for Bitcoin-backed vBTC, allowing holders to stop suspicious or mistaken transfers before they become final. The feature arrived with Mainnet 9.0.0 on November 5, following the theft of 18,270 Bitcoin from a Binance hot wallet on October 29. Since settled blockchain transfers are irreversible, VerifiedX inserts an owner-defined delay before […] Read The Full Article VerifiedX Launches Recovery Vaults for Bi…
VerifiedX is releasing an update that allows vBTC holders to reverse erroneous or stolen transfers, partly in response to the major Binance hack of October.
VerifiedX Adds Recovery Delays To VBTC Transfers In Mainnet 9.0
VerifiedX has released upgraded self-custodial recovery Vaults as part of its Mainnet 9.0.0 update, introducing a delay before certain vBTC transfers become final. The feature allows owners to recall transfers during that window and redirect assets to a recovery address they designate. The upgrade also adds Bitcoin light-client verification to validator software, aiming to strengthen how the network verifies the Bitcoin backing its assets.
A vBTC transfer that fell into the hands of a thief used to be considered lost: once the transaction was signed, there was no going back. VerifiedX changed this assumption.
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