The Solv BTC+ contract was attacked due to the leakage of the deployer's private key, and subscription and redemption are expected to resume within two weeks

Solv Protocol announced on platform X that on July 13, the BTC+ contract on the BNB Smart Chain suffered a security incident. After investigation, it was found that 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, isolating the malicious contract and freezing, destroying, or isolating all unauthorized BTC+. All underlying BTC assets are safe.

As a precaution, the subscription and redemption of BTC+ have been suspended, with a recovery expected within two weeks. BTC+ has never established an official liquidity pool on any DEX, and users should only obtain and hold BTC+ through official Solv 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, with a detailed post-incident analysis report to be released subsequently.