VerifiedX Launches Recovery Vaults for Bitcoin-Backed vBTC

• VerifiedX’s Mainnet 9.0.0 lets vBTC owners delay and recall transfers before settlement.
• Recovered assets are redirected to a self-custodial address selected by the Vault owner.
• Validators now independently verify Bitcoin block headers, proof of work, and transaction inclusion.

VerifiedX has launched recovery Vaults for Bitcoin-backed vBTC, allowing holders to stop suspicious or mistaken transfers before they become final. The feature arrived with Mainnet 9.0.0 on November 5, following the theft of 18,270 Bitcoin from a Binance hot wallet on October 29.

Since settled blockchain transfers are irreversible, VerifiedX inserts an owner-defined delay before a protected payment becomes final. Owners can call back the transfer and redirect funds during that window.

Vaults Add a Recovery Window

Users must activate a Vault and hold Bitcoin as vBTC within VerifiedX t…

Read The Full Article VerifiedX Launches Recovery Vaults for Bitcoin-Backed vBTC On Coin Edition.