VerifiedX ships vault update aimed at stopping hacked vbtc transfers
The Mainnet 9.0.0 upgrade adds a transfer delay and on‑chain recall feature for vBTC, plus a Bitcoin light‑client for validators.
Key takeaways
- 1VerifiedX launched Mainnet 9.0.0 with self‑custodial recovery vaults
- 2Vaults let users set a transfer delay and recall unauthorized vBTC moves
VerifiedX rolled out upgraded self‑custodial recovery Vaults on 5 November as part of its Mainnet 9.0.0 upgrade.
The new Vaults let vBTC holders set a configurable delay before a transfer becomes final. Within that window users can cancel mistaken or unauthorized moves and route the tokens to a self‑custodial address of their choice. The delay and recall mechanisms are enforced by VerifiedX network consensus, eliminating the need for an external custodian. The upgrade also embeds a Bitcoin light‑client in validator software, allowing validators to verify block headers, proof‑of‑work and chain progression with a six‑confirmation burial depth.
VerifiedX issues vBTC, a synthetic Bitcoin token that mirrors BTC price and is used in a range of DeFi protocols. The network previously suffered incidents where stolen vBTC could not be reclaimed, prompting demand for on‑chain recovery tools. Bitcoin is trading at $79,621, with a market value of $1.6 trillion, reflecting the scale of assets linked to the native chain.
The vault update gives holders a safety net against hacking and user error, which could boost confidence in vBTC and encourage broader DeFi participation. Traders will watch how quickly validators adopt the light‑client code and whether any bugs emerge during the first weeks of activation.
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