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Crypto & Bitcoin

VerifiedX Launches Recovery Vaults for Bitcoin-Backed vBTC

Reported by Ronny Mugendi, Coin Edition

Image: Coin Edition

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 Bitcoin-Backed vBTC On Coin Edition .

This is an excerpt. The reporting belongs to Coin Edition.

Read the full report on coinedition.com
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