Last mentioned: Mar 6, 2026
Bounty Announcement
Solv Protocol offers a 10% bounty for the return of stolen assets.
Exploitation Detected
A hacker drains $2.7M from Solv Protocol using a token minting bug.
Exploit Detected
Hacker identifies and exploits a minting bug in Solv Protocol's smart contracts.
Asset Conversion
Attacker swaps minted tokens for Bitcoin-linked assets to secure value.
Bounty Offer
Solv Protocol publicly offers a 10% white-hat bounty for the return of the remaining 90% of funds.
Solv Protocol has launched a recovery effort following a $2.7M exploit involving a token minting vulnerability. The protocol is offering a 10% bounty to the attacker for the return of funds, highlighting the ongoing risks in the Bitcoin-backed DeFi ecosystem.
Solv Protocol has launched a 10% recovery bounty after a hacker exploited a smart contract vulnerability to drain approximately $2.7 million in assets. The attacker reportedly utilized a minting bug to generate unauthorized tokens before converting them into Bitcoin-pegged assets.