b14g Reports Unauthorized Transfer of 97M CORE Tokens, 9M Frozen by Exchanges

AI Market Summary

The unauthorized transfer of 97 million CORE tokens from b14g’s dual-staking contracts is a material security and confidence shock for Core’s BTCFi ecosystem. Although BTC staked via b14g remains unaffected, the scale of the loss, paused contracts, and exchange freezes heighten short-term uncertainty around CORE liquidity, staking trust, and broader BTCFi risk assessments.

Impact level

● High

Affected assets

CORE/USDT+0.29%

AI Insight · CORE/USDTAI Insight

▼ Bearish

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b14g said about 97 million CORE tokens staked through its protocol were unauthorizedly withdrawn on Oct 31 at 09.29 UTC and sent to attacker addresses. It paused affected contracts and is working with Core, security partners and exchanges to trace and freeze funds. About 68 million CORE remain on Core and exchanges froze 9 million CORE. BTC staked via b14g remains locked on Bitcoin and unaffected.

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