Solv Protocol hit by $2.7M vault exploit, offers hacker 10% bounty to recover funds

Solv Protocol reported that one of its Bitcoin-based token vaults was exploited for $2.7 million and has proposed a 10% bounty if the attacker returns the assets. The platform said fewer than 10 users were affected, it will compensate the loss of 38.05 SolvBTC, and it is working with several security firms to investigate a smart contract vulnerability allegedly used for excessive token minting.