Solv: BTC+Perpetual Contracts were attacked due to a deployer’s private key leak; subscription and redemption are expected to resume within two weeks

PANews July 21, Solv Protocol stated on X that on July 13, the BTC+ contract on BNB Smart Chain suffered a security incident. After investigation, the attacker compromised the deployer’s private key and upgraded the BTC+ minting proxy contract on BSC, minting unauthorized BTC+ tokens. The team completed the emergency response within three hours, isolated the malicious contract, and froze, destroyed, or isolated all unauthorized BTC+. All underlying BTC assets are secure.

As a precaution, BTC+ subscriptions and redemptions have been paused and are expected to resume within two weeks. BTC+ has never had an official liquidity pool set up on any DEX. Users should obtain and hold BTC+ only through Solv’s official channels. The team has 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.