Update
VerifiedX Adds Recovery Vaults for Bitcoin-Backed vBTC
VerifiedX has introduced Recovery Vaults for Bitcoin-backed vBTC, enabling holders to prevent unauthorized or mistaken transfers. The feature was released with Mainnet 9.0.0 on November 5, following a theft of 18,270 Bitcoin from a Binance hot wallet on October 29. The Vaults allow users to set a delay before a protected payment becomes final, and they can call back and redirect funds during this window. Users must activate a Vault and hold Bitcoin as vBTC within VerifiedX to use the protection. The feature covers the company's native VFX token and other assets issued on the network, but does not reverse native Bitcoin transactions after confirmation.