1 min read
Add as a preferred source on Google

B14G Reports 97 Million CORE Drain and Pauses Protocol Contracts

Exchanges froze about 9 million CORE, while B14G said staked Bitcoin was unaffected.

Mentioned assets
A locked custody drawer beside an open compartment under fluorescent light / TokenPost.ai
A locked custody drawer beside an open compartment under fluorescent light / TokenPost.ai

B14G said 97 million CORE was drained from its Bitcoin staking protocol and paused contracts in response, putting contract activity on hold. The project said Bitcoin (BTC) staked through the protocol was unaffected, distinguishing the reported CORE drain from the platform’s BTC staking positions.

Exchanges froze about 9 million CORE, B14G said. That is roughly 9% of the reported drain, but the frozen amount is not a final-loss figure. The figures describe three distinct points: 97 million CORE drained, about 9 million CORE frozen by exchanges, and staked BTC left unaffected. The frozen amount should not be treated as money recovered or as a net-loss total. Those distinctions matter when reading the two CORE amounts as separate incident measures.

The update describes action by B14G and exchanges: B14G paused its contracts, and exchanges froze a portion of the CORE involved. The incident centers on CORE, while B14G said Bitcoin staked through its protocol was not affected.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…