b14g Pauses Smart Contracts Following 97 Million CORE Token Drain

Bitcoin staking protocol b14g has paused its smart contracts following an incident in which 97 million $CORE tokens were drained from the platform ¹.

Following the exploit, centralized cryptocurrency exchanges stepped in to freeze approximately 9 million of the stolen CORE tokens, according to statements from the protocol ¹. In an update addressing the scope of the losses, b14g confirmed that users' staked $BTC remained entirely unaffected by the contract breach ¹.

Exchange Response and Staking Safety

The targeted asset, CORE, is tied to the Core network, where b14g operates staking infrastructure ¹. The protocol chose to halt operations across its contracts to prevent further unauthorized activity while mitigating losses ¹.

While the protocol confirmed the interception and freezing of 9 million CORE by exchanges, the remaining balance of the drained funds—roughly 88 million CORE—remains unaccounted for in public statements ¹. Protocol administrators have not reported any additional compromised assets beyond the drained native governance and utility tokens ¹.

The broader market reflected cautious sentiment at the time of writing, with Bitcoin trading at $77,467 and the Fear & Greed Index registering 30, indicative of market fear. No official timeline has been released detailing the resumption of regular contract activity or next administrative steps ¹.