Solv Protocol: BTC+ contracts were attacked due to a deployer’s private key leak; subscriptions and redemptions are expected to resume within two weeks

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BlockBeats message, July 21, Solv Protocol posted on X that its BTC+ contract on BNB Chain was attacked on July 13. After investigation, the attacker stole the deployer’s private key, then upgraded the BTC+ minting proxy contract on BSC, and minted unauthorized BTC+ tokens. The team completed an emergency response within 3 hours, isolated the malicious contracts, froze, destroyed, or isolated all unauthorized BTC+, and ensured the safety of all underlying assets.

As a precaution, BTC+ subscriptions and redemptions have been paused and are expected to resume within two weeks. The team has already upgraded the deployer’s security measures, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit. A detailed post-incident analysis report will be released later.

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