BTC+ on BNB Smart Chain hit by July 13 contract exploit; unauthorized tokens minted after deployer key compromised
AI Market Summary
A deployer private-key compromise allowed an attacker to upgrade the BTC+ minting proxy on BNB Smart Chain and mint unauthorized tokens, though the issuer states underlying BTC collateral remains secure and abnormal supply has been frozen/burned/quarantined. Subscriptions and redemptions are paused pending a security review (expected within two weeks). The incident is likely to pressure confidence and liquidity conditions across cross-chain synthetic BTC exposures.
Impact level
● Medium
Affected assets
BTC/USDT+0.72%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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On July 13, the BTC+ smart contract on BNB Smart Chain was attacked after the deployer private key was compromised, allowing an upgrade to the minting proxy and the creation of unauthorized BTC+. The team said it completed an emergency response within three hours, isolating the malicious contract and freezing, burning, or quarantining all unauthorized tokens while confirming the underlying BTC remains secure. Subscriptions and redemptions have been temporarily paused pending a final security review, with redemptions expected to resume within two weeks. BTC+ is issued only through official Solv channels and has no official liquidity pool on any DEX.
