DeFi Platform Troves Reports 8.6 BTC Loss from Compromised Vaults

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On November 1, the DeFi platform Troves revealed that a hack drained 8.6 BTC from its xWBTC/WBTC vault. The attack exploited an outdated rebalancing contract that remained active despite being replaced. Troves has severed access and paused the three affected vaults. No other funds were compromised. The team is collaborating with security experts to track the BTC movement and recover the stolen assets. A full report and recovery plan for depositors will be released soon.

ChainThink reports that on November 1, the DeFi yield strategy platform Troves stated that its xWBTC/WBTC vault was compromised, with initial losses of approximately 8.6 bitcoins.

The incident involved an outdated asset rebalancing contract that had been replaced but still retained operational permissions; Troves has revoked the contract's permissions.

To mitigate potential risks, Troves has suspended the xWBTC/WBTC, xSTRK/STRK, and xstrkBTC/strkBTC vaults. No other vaults have been found to suffer actual losses.

Troves is collaborating with security agencies to track the stolen funds and explore recovery options; a detailed incident analysis and arrangements for affected depositors will be announced later.

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