On July 13, the BTC+ contract on BNB Smart Chain by Solv Protocol was compromised due to a leaked private key of the deployer, allowing the attacker to mint unauthorized BTC+ tokens. The team has isolated the malicious contract and addressed the unauthorized tokens; the underlying BTC assets remain secure. BTC+ subscriptions and redemptions are currently suspended and are expected to resume within two weeks. No official liquidity pools for BTC+ have been established on any DEX; users should obtain and hold BTC+ exclusively through Solv’s official channels.
Solv Protocol BTC+ Contract Compromised Due to Private Key Leak; Redeemability to Resume in Two Weeks
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Summary
Today’s BTC news reveals a security breach in Solv Protocol’s BTC+ contract on the BNB Smart Chain. The attack on July 13 resulted from a private key leak, which allowed unauthorized minting of BTC+. The team has responded by isolating the malicious contract and securing the affected tokens. BTC+ redemptions and purchases are currently paused and are expected to resume in two weeks. Users should obtain BTC+ exclusively through Solv’s official channels, as no DEX liquidity pools exist. Asset safety remains unaffected.
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