Solv Protocol exploited for ~$2.7M in SolvBTC via double-minting bug in BRO vault; 10% bounty offered

first published 2026-03-06T04:44:31Z

A token vault on Solv Protocol was drained for about $2.7 million after a bug allowed an attacker to excessively mint tokens and swap them for roughly 38.05 SolvBTC. The exploit—used 22 times and described as an excessive-mint/re-entrancy-style vulnerability—affected fewer than 10 users. Solv says it will cover user losses, has engaged Hypernative Labs, SlowMist and CertiK to investigate, implemented mitigations, and posted an Ethereum address offering a 10% bounty; the attacker has not responded on-chain.

AI Analysis

The story reports a concrete on-chain exploit (~$2.7M) where an excessive-mint vulnerability was exploited 22 times and swapped for ~38.05 SolvBTC; the protocol will cover losses, engaged three security firms, implemented mitigations, and posted an Ethereum address offering a 10% bounty but received no on-chain response from the attacker.

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