WuBlockchain
VerifiedX has released upgraded self-custodial recovery vaults that let vBTC holders set a delay before transfers become final. During that window, owners can recall mistaken or unauthorized transfers and recover assets to a self-custodial address they designate.
Why it matters
The delay gives owners an opportunity to intervene before a transfer settles. VerifiedX says network consensus enforces the protection on-chain, without a separate custodian.
Market impact
The Mainnet 9.0.0 upgrade also embeds Bitcoin light-client verification in validator software. Validators can independently verify Bitcoin block headers, proof of work and chain progression with a six-confirmation burial depth.
Source: [VerifiedX Ships Vault Update Aimed at Stopping Hacked vBTC Transfers — Unchained](https://unchainedcrypto.com/verifiedx-ships-vault-update-aimed-at-stopping-hacked-vbtc-transfers/)
Frequently asked questions
-
How can vBTC holders recover an unauthorized transfer?
Owners can set a delay before transfers become final, then recall an unauthorized transfer during that window and recover assets to a designated self-custodial address.
-
Does the recovery vault require a separate custodian?
No. VerifiedX says its network consensus enforces the vault protection on-chain without a separate custodian.
-
Can the vault also recover mistaken transfers?
Yes. The recovery window is designed to let owners recall mistaken as well as unauthorized transfers before they become final.
-
What Bitcoin data can VerifiedX validators independently verify?
The upgraded validator software can verify Bitcoin block headers, proof of work and chain progression.
-
What confirmation depth does the Bitcoin light client use?
The embedded Bitcoin light-client verification uses a six-confirmation burial depth.
CoinTelegraph
Crypto News
CoinDesk
TheBlock
CryptoSlate