BTCS S.A.: Incydenty bezpieczeństwa w protokole b14g i na giełdzie Binance: ekspozycja Spółki oraz odpis aktualizujący wartość tokenów CORE

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr

/

2026

Data sporządzenia:

2026-11-02

Skrócona nazwa emitenta

BTCS S.A.

Temat

Incydenty bezpieczeństwa w protokole b14g i na giełdzie Binance: ekspozycja Spółki oraz odpis aktualizujący wartość tokenów CORE

Podstawa prawna

Art. 17 ust. 1 Rozporządzenia MAR – informacje poufne

Treść raportu:

Zarząd BTCS S.A. z siedzibą w Warszawie ("Spółka") informuje, że w dniu 31 października 2026 r. w protokole b14g, zewnętrznym protokole dual stakingu działającym w ekosystemie Core, doszło do nieautoryzowanego wyprowadzenia ok. 97 mln tokenów CORE z kontraktów protokołu, po czym operator protokołu wstrzymał wypłaty. Według komunikatów Core DAO i b14g sieć Core, jej kontrakty stakingowe oraz bitcoin stakowany za pośrednictwem protokołu nie zostały naruszone.

Bitcoin posiadany przez Spółkę (202,27 BTC na dzień 30 września 2026 r.) nie był przedmiotem incydentu.

Jednocześnie, w związku z incydentem bezpieczeństwa na giełdzie Binance z dnia 29 października 2026 r., Zarząd informuje, że Spółka nie przechowuje aktywów na tej giełdzie i nie ma ekspozycji na ten incydent.

Spółka posiada ok. 68,3 mln tokenów CORE o wartości bilansowej na dzień 30 września 2026 r. ok. 6,05 mln zł (ok. 7,6% sumy aktywów), z czego ok. 90% jest stakowane za pośrednictwem protokołu b14g.

Według wstępnych informacji otrzymanych od operatora protokołu b14g, ok. 30% posiadanych przez Spółkę tokenów CORE (ok. 20 mln CORE) mogło zostać utraconych w wyniku incydentu. Pozostałe tokeny stakowane za pośrednictwem b14g pozostają zablokowane w kontraktach protokołu do czasu przywrócenia wypłat, którego terminu Spółka nie zna. Spółka weryfikuje te informacje i poinformuje o ostatecznych ustaleniach w odrębnym raporcie bieżącym.

Zarząd dokonał przeglądu zaangażowania Spółki w ekosystem Core. Aktywność łańcucha Core istotnie spadła: według DefiLlama wartość aktywów w protokołach DeFi na Core wynosiła na dzień 1 listopada 2026 r. ok. 3,3 mln USD wobec ponad 300 mln USD w 2024 r., a dzienny obrót na zdecentralizowanych giełdach Core to kilka tysięcy USD. Kapitalizacja tokena CORE wynosi ok. 21 mln USD, a pozycja Spółki stanowi ok. 4% tej kapitalizacji, co uniemożliwia jej zbycie bez istotnego wpływu na cenę. Spółka koncentruje działalność na infrastrukturze walidacyjnej i tokenizacji (walidatory w sieciach ZIGChain i Canton Network, list intencyjny z CMCC Global SPC dotyczący Liberty Bitcoin Accumulation Fund, o którym Spółka informowała w raporcie ESPI nr 29/2026 i nie planuje dalszego zaangażowania w ekosystem Core.

Mając na uwadze (i) wyprowadzenie części tokenów CORE Spółki w wyniku incydentu (wstępnie ok. 30%), brak dostępu do pozostałych tokenów stakowanych za pośrednictwem b14g i brak harmonogramu przywrócenia wypłat, (ii) spadek aktywności łańcucha Core i brak płynności rynku tokena umożliwiającej zbycie pozycji, (iii) decyzję o zakończeniu zaangażowania w ekosystem Core oraz (iv) niewykonanie przez Core Foundation zobowiązań z umowy TSA, o którym Spółka informowała raportem ESPI nr 27/2026, Zarząd w dniu 2 listopada 2026 r. podjął decyzję o dokonaniu odpisu aktualizującego z tytułu trwałej utraty wartości całości posiadanych tokenów CORE do kwoty zero.

Odpis obciąży wynik finansowy za czwarty kwartał 2026 r. kwotą ok. 6,05 mln zł (wartość bilansowa tokenów na dzień 30 września 2026 r.), ma charakter niegotówkowy, nie zmienia liczby posiadanych przez Spółkę tokenów i nie wpływa na roszczenia Spółki wobec Core Foundation z tytułu umowy TSA, które pozostają w mocy. Odpis podlega weryfikacji na dzień bilansowy; ewentualne odzyskanie dostępu do tokenów, ich zbycie lub środki uzyskane z protokołu b14g zostaną ujęte w wyniku okresu, w którym nastąpią.

Spółka zgłosiła swoje pozycje operatorowi protokołu b14g i będzie informować o istotnych zmianach w odrębnych raportach bieżących.

Załączniki

Plik

Opis

Security Incidents Involving the b14g Protocol and Binance Exchange: Company's Exposure and Impairment Write-Down of CORE Tokens The Management Board of BTCS S.A., with its registered office in Warsaw (the "Company"), announces that on 31 October 2026, approximately 97 million CORE tokens were transferred without authorization from the smart contracts of b14g, an external dual-staking protocol operating within the Core ecosystem. Following the incident, the protocol operator suspended withdrawals. According to statements issued by Core DAO and b14g, the Core network, its staking contracts, and Bitcoin staked through the protocol were not compromised. The Bitcoin held by the Company (202.27 BTC as of 30 September 2026) was not affected by the incident. Furthermore, in connection with the security incident involving the Binance exchange on 29 October 2026, the Management Board confirms that the Company does not hold any assets on that exchange and has no exposure to that incident. The Company holds approximately 68.3 million CORE tokens, with a carrying value of approximately PLN 6.05 million as of 30 September 2026 (representing approximately 7.6% of total assets), of which approximately 90% are staked through the b14g protocol. According to preliminary information received from the operator of the b14g protocol, approximately 30% of the CORE tokens held by the Company (approximately 20 million CORE) may have been lost as a result of the incident. The remaining tokens staked through b14g remain locked in the protocol's smart contracts pending the resumption of withdrawals, for which no timeline is currently known to the Company. The Company is verifying this information and will disclose its final findings in a separate current report. The Management Board has reviewed the Company's exposure to the Core ecosystem. Activity on the Core blockchain has declined significantly. According to DefiLlama, as of 1 November 2026, the total value locked (TVL) in DeFi protocols on Core amounted to approximately USD 3.3 million, compared with more than USD 300 million in 2024, while daily trading volumes on Core's decentralized exchanges amounted to only a few thousand US dollars. The market capitalization of the CORE token is approximately USD 21 million, and the Company's holdings represent approximately 4% of that capitalization, making it impossible to dispose of the position without materially affecting the market price. The Company is focusing its operations on validator infrastructure and tokenization, including validators on ZIGChain and Canton Network, as well as the memorandum of understanding with CMCC Global SPC concerning the Liberty Bitcoin Accumulation Fund, as disclosed in ESPI Current Report No. 29/2026, and does not intend to make any further commitments to the Core ecosystem. Taking into account (i) the unauthorized transfer of a portion of the Company's CORE tokens as a result of the incident (preliminarily estimated at approximately 30%), the lack of access to the remaining tokens staked through b14g, and the absence of a timeline for the resumption of withdrawals; (ii) the decline in activity on the Core blockchain and the lack of sufficient liquidity in the CORE token market to dispose of the Company's holdings; (iii) the decision to discontinue its involvement in the Core ecosystem; and (iv) Core Foundation's failure to fulfill its obligations under the TSA agreement, as disclosed by the Company in ESPI Current Report No. 27/2026, the Management Board decided on 2 November 2026 to recognize a full impairment write-down of all CORE tokens held by the Company, reducing their carrying value to zero. The impairment write-down will negatively affect the Company's financial result for the fourth quarter of 2026 by approximately PLN 6.05 million (corresponding to the carrying value of the tokens as of 30 September 2026). The impairment is non-cash in nature, does not change the number of tokens held by the Company, and does not affect the Company's claims against Core Foundation under the TSA agreement, which remain in force. The impairment write-down will be subject to reassessment as of the reporting date. Any subsequent recovery of access to the tokens, their disposal, or proceeds received from the b14g protocol will be recognized in the financial results of the period in which such events occur. The Company has reported its positions to the operator of the b14g protocol and will disclose any material developments in separate current reports. Legal Basis: Article 17(1) of MAR – Inside Information Security Incidents Involving the b14g Protocol and Binance Exchange: Company's Exposure and Impairment Write-Down of CORE Tokens

The Management Board of BTCS S.A., with its registered office in Warsaw (the "Company"), announces that on 31 October 2026, approximately 97 million CORE tokens were transferred without authorization from the smart contracts of b14g, an external dual-staking protocol operating within the Core ecosystem. Following the incident, the protocol operator suspended withdrawals. According to statements issued by Core DAO and b14g, the Core network, its staking contracts, and Bitcoin staked through the protocol were not compromised.

The Bitcoin held by the Company (202.27 BTC as of 30 September 2026) was not affected by the incident.

Furthermore, in connection with the security incident involving the Binance exchange on 29 October 2026, the Management Board confirms that the Company does not hold any assets on that exchange and has no exposure to that incident.

The Company holds approximately 68.3 million CORE tokens, with a carrying value of approximately PLN 6.05 million as of 30 September 2026 (representing approximately 7.6% of total assets), of which approximately 90% are staked through the b14g protocol.

According to preliminary information received from the operator of the b14g protocol, approximately 30% of the CORE tokens held by the Company (approximately 20 million CORE) may have been lost as a result of the incident. The remaining tokens staked through b14g remain locked in the protocol's smart contracts pending the resumption of withdrawals, for which no timeline is currently known to the Company. The Company is verifying this information and will disclose its final findings in a separate current report.

The Management Board has reviewed the Company's exposure to the Core ecosystem. Activity on the Core blockchain has declined significantly. According to DefiLlama, as of 1 November 2026, the total value locked (TVL) in DeFi protocols on Core amounted to approximately USD 3.3 million, compared with more than USD 300 million in 2024, while daily trading volumes on Core's decentralized exchanges amounted to only a few thousand US dollars. The market capitalization of the CORE token is approximately USD 21 million, and the Company's holdings represent approximately 4% of that capitalization, making it impossible to dispose of the position without materially affecting the market price.

The Company is focusing its operations on validator infrastructure and tokenization, including validators on ZIGChain and Canton Network, as well as the memorandum of understanding with CMCC Global SPC concerning the Liberty Bitcoin Accumulation Fund, as disclosed in ESPI Current Report No. 29/2026, and does not intend to make any further commitments to the Core ecosystem.

Taking into account (i) the unauthorized transfer of a portion of the Company's CORE tokens as a result of the incident (preliminarily estimated at approximately 30%), the lack of access to the remaining tokens staked through b14g, and the absence of a timeline for the resumption of withdrawals; (ii) the decline in activity on the Core blockchain and the lack of sufficient liquidity in the CORE token market to dispose of the Company's holdings; (iii) the decision to discontinue its involvement in the Core ecosystem; and (iv) Core Foundation's failure to fulfill its obligations under the TSA agreement, as disclosed by the Company in ESPI Current Report No. 27/2026, the Management Board decided on 2 November 2026 to recognize a full impairment write-down of all CORE tokens held by the Company, reducing their carrying value to zero.

The impairment write-down will negatively affect the Company's financial result for the fourth quarter of 2026 by approximately PLN 6.05 million (corresponding to the carrying value of the tokens as of 30 September 2026). The impairment is non-cash in nature, does not change the number of tokens held by the Company, and does not affect the Company's claims against Core Foundation under the TSA agreement, which remain in force.

The impairment write-down will be subject to reassessment as of the reporting date. Any subsequent recovery of access to the tokens, their disposal, or proceeds received from the b14g protocol will be recognized in the financial results of the period in which such events occur.

The Company has reported its positions to the operator of the b14g protocol and will disclose any material developments in separate current reports.

Legal Basis: Article 17(1) of MAR – Inside Information

BTCS SPÓŁKA AKCYJNA

(pełna nazwa emitenta)

BTCS S.A.

Usługi inne (uin)

(skrócona nazwa emitenta)

(sektor wg. klasyfikacji GPW w W-wie)

00-030

WARSZAWA

(kod pocztowy)

(miejscowość)

PLAC POWSTAŃCÓW WARSZAWY

(ulica)

(numer)

510560593

(telefon)

(fax)

ZARZAD@BTCS.COM.PL

BTCS.COM.PL

(e-mail)

(www)

9721232691

301792620

(NIP)

(REGON)

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

2026-11-02

Marlena Lipińska

Prezes Zarządu