Cryptocurrency
[loss] $3M+
Tweet by Solv Protocol
Primary Source ↗Financial Loss
$2.7M
(2,700,000 USD)
Blockchain(s)
Bitcoin
Incident Details
The Solv Protocol bitcoin defi lending and staking platform disclosed an exploit that they said affected fewer than ten users, but nevertheless netted the attacker 38 SolvBTC (a wrapped bitcoin token priced at $2.7 million). Although Solv has not disclosed specifics of the attack, some researchers have suggested it was a bug in the protocol’s burn and mint functionality.
Total loss estimated at $2,700,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Solv Protocol
Timeline
- 2026-03-05 Breach occurred
- 2026-03-05 Publicly disclosed