Bitcoin-focused protocol Solv was the subject of an exploit resulting in the loss of tokens worth nearly $2.7mn.
Bitcoin-Yield Bearing Protocol Solv Suffers $2.7mn Exploit
6 March 2026 - 09:30 CET
The protocol issues a tokenized representation of deposited bitcoin known as SolvBTC. Solv also offers a yield-bearing bitcoin vault, Bitcoin Reserve Offerings (BRO).
The exploit occurred on one of Solv’s BRO vaults, impacting fewer than 10 users, the protocol said in a post on X. The attacker was able to siphon 38.05 SolvBTC worth around $2.7mn.
Network to cover losses
The network said it will cover the losses of the users impacted by the exploit, urging them to remain on the protocol and ensuring them that the remaining funds are safe.
Solv has offered a 10% bounty to the exploiter if they return the funds. Hacked or exploited crypto networks generally offer their attackers a bounty if they return their ill-gotten tokens.
This is a common practice in digital assets as it provides the network the opportunity to cover some of their losses, and the attacker the chance to get some liquid funds. Stolen or exploited tokens are generally marked on the public ledger, making it very difficult to liquidate them, even with the use of token mixers.
