Solv Protocol Smart Contract Vulnerability: $2.70M Reported Loss
The Bitcoin staking protocol Solv Protocol stated on X that its BRO Vault experienced a limited exploit.
- Reported loss
- $ 2,700,000
- Attack category
- Smart Contract Vulnerability
Incident Overview
Fewer than 10 users were affected, with a loss of 38.0474 SolvBTC (approximately $2.7 million). Other vaults and user funds were not impacted, and mitigation measures have already been implemented to prevent similar incidents. The team has committed to fully covering the losses of the affected users. They also told the attacker that a 10% white-hat bounty will be offered if the funds are returned promptly. The attacker can contact the team via direct message or by sending an on-chain message to a designated address.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.