Solv Protocol offers 10% bounty after hacker snatches $2.7M

Solv Protocol was hacked for $2.7 million after an attacker exploited a bug that allowed them to mint tokens freely. The protocol is now offering a 10% bounty to recover the stolen funds, with the hacker having swapped the minted tokens for Bitcoin-tied assets.

• →Solv Protocol lost $2.7 million in a hack involving unauthorized token minting.
• →The hacker exploited a bug that allowed them to mint tokens without proper authorization.
• →Stolen tokens were swapped for Bitcoin-tied assets before being extracted.
• →The protocol is offering a 10% bounty ($270,000) for recovery of the funds.
• →This incident highlights ongoing smart contract vulnerabilities in DeFi protocols.