Beldex (BDX) is a privacy-focused Layer-1 blockchain combining Monero-derived privacy technology with tools like BChat messaging, BelNet VPN, and a privacy browser. The project raised $8M from Sigma Capital but faced a bridge exploit and reward anomaly in mid-2026 requiring emergency hardfork and contract migration, highlighting security risks.
Beldex is implementing security upgrades following a June bridge exploit, rebuilding the bridge with threshold signature schemes and distributed key generation to eliminate single points of control, while also upgrading masternode selection to use verifiable random functions to prevent manipulation.