Cryptocurrency [loss] $3M+

Tweet by Solv Protocol

2026-03-05 [vendor] Solv Protocol [chain] bitcoin
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

  1. 2026-03-05 Breach occurred
  2. 2026-03-05 Publicly disclosed