#SolvProtocolHacked
🚨 DEFI SECURITY ALERT: #SolvProtocolHacked 🚨
Solv Protocol, the leading Bitcoin reserve platform, has confirmed a smart contract exploit affecting its BitcoinReserveOffering (BRO) vault.
The Facts:
Total Loss: ~$2.7 million (38.05 SolvBTC).
The Vulnerability: A "double-minting" reentrancy flaw involving the ERC-3525 token standard.
The Attack: The hacker exploited a callback mechanism 22 times, minting excess tokens and swapping them for SolvBTC.
Scope: The team reports fewer than 10 users were directly impacted. Other vaults and the $1.7B+ in total reserves remain secure
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