The Solv Protocol suffered a security exploit on March 5, 2026, resulting in a loss of approximately $2.7 million (38.0474 SolvBTC).
Incident Details
Limited scope: The attack only affected a single vault called BRO vault (Bitcoin Reserve Offering).
Impacted users: Fewer than 10 users were directly affected by this incident.
Nature of the exploit: It was a re-entrancy attack that exploited a "double-minting" vulnerability in the smart contract.
Mechanics of the theft: The attacker used the flaw 22 times to inflate 135 BRO tokens to 567 million, then exchanged them for SolvBTC.
Protocol Response
Total compensation: The Solv Protocol team officially committed to covering all losses for the affected users.
Bounty: The attacker was offered a "white-hat hacker" reward of 10% if they return the stolen funds quickly.
Safe funds: The protocol confirmed that the rest of the vaults and user assets remain safe and unaffected.
Enhanced security: They are collaborating with firms like Hypernative Labs, SlowMist, and CertiK to investigate and strengthen the system.
Despite the news, the SOLV token showed resilience in the market, maintaining its price stable and even recording slight gains after the refund announcement.
#SolvProtocolHacked
Incident Details
Limited scope: The attack only affected a single vault called BRO vault (Bitcoin Reserve Offering).
Impacted users: Fewer than 10 users were directly affected by this incident.
Nature of the exploit: It was a re-entrancy attack that exploited a "double-minting" vulnerability in the smart contract.
Mechanics of the theft: The attacker used the flaw 22 times to inflate 135 BRO tokens to 567 million, then exchanged them for SolvBTC.
Protocol Response
Total compensation: The Solv Protocol team officially committed to covering all losses for the affected users.
Bounty: The attacker was offered a "white-hat hacker" reward of 10% if they return the stolen funds quickly.
Safe funds: The protocol confirmed that the rest of the vaults and user assets remain safe and unaffected.
Enhanced security: They are collaborating with firms like Hypernative Labs, SlowMist, and CertiK to investigate and strengthen the system.
Despite the news, the SOLV token showed resilience in the market, maintaining its price stable and even recording slight gains after the refund announcement.
#SolvProtocolHacked