VerifiedX Ships Vault Update Aimed at Stopping Hacked vBTC Transfers

VerifiedX said Thursday that a new version of its recovery Vaults is out with the layer 1 network’s Mainnet 9.0.0 upgrade. According to a VerifiedX press release, a Vault lets holders of vBTC , a Bitcoin-pegged token the company calls self-custodial and redeemable for bitcoin at any time, pull back a transfer sent by mistake or by a thief before it settles. The announcement comes a week after the Oct. 29 Binance hack , which drained roughly $6.4 billion across ten blockchains, according to blockchain analytics firm TRM Labs .