Solv Protocol reported that an attack exploited a flaw in their ‘BitcoinReserveOffering’ contract, converting 135 BRO into 567 million BRO and extracting nearly 38 SolvBTC. Fortunately, all other vaults and users’ funds were not affected.
The protocol has a total value locked of over 508 million USD, solidifying its status as the largest on-chain Bitcoin reserve. Solv is also offering a 10% reward for the return of the stolen funds.
Leave a Reply