Solv Protocol BTC+ Contract Attacked Due to Private Key Leak, Subscription and Redemption Paused for Two Weeks

On July 13, the BTC+ contract on the BNB Smart Chain experienced a security incident where an attacker compromised the deployer's private key and upgraded the minting proxy contract, minting unauthorized BTC+ tokens. The team completed an emergency response within three hours, isolating the malicious contract and freezing, destroying, or isolating all unauthorized BTC+. All underlying BTC assets are secure. To prevent further risks, subscriptions and redemptions for BTC+ have been paused, with an expected resumption in two weeks. BTC+ has never established an official liquidity pool on any DEX, and users should only acquire and hold BTC+ through official Solv channels. The team has upgraded 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.

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