Solv Protocol Partners with Ourbit to Enable BTC Yield Earning

On July 13, Solv Protocol's BTC+ contract on BNB Smart Chain experienced a security breach when an attacker compromised the deployer private key and upgraded the minting proxy contract to create unauthorized tokens. **Key Details:** - Emergency response completed within 3 hours - All unauthorized BTC+ tokens frozen, burned, or quarantined - Underlying BTC assets remain fully secure - BTC+ acquired through official Solv channels unaffected **Current Status:** - Subscription and redemption temporarily paused - Redemption expected to resume within two weeks - Final security review underway **Security Measures Implemented:** - Deployer security upgraded - All affected access credentials and signing keys rotated - Comprehensive external re-audit initiated - Investigation ongoing with security partners **Important Reminder:** BTC+ has never had an official liquidity pool on any DEX. Users should only acquire and hold BTC+ through [official Solv channels](https://solv.finance/home). A detailed post-mortem report will be published following the investigation.

Solv Protocol, managing over $2B in Bitcoin reserves, has partnered with Utexo to deliver native BTC yield through the Lightning Network. The solution allows liquidity providers to earn routing fees in BTC when users swap between BTC and USDT. **Key features:** - Atomic settlement with full self-custody - No wrappers, bridges, or third-party custodians - Utilizes RGB protocol and Lightning Network infrastructure - Enables BTC/USDT trading pair on Bitcoin's native rails The integration addresses what Solv calls the "Bitcoin Yield Paradox" - institutions seeking BTC yield without compromising Bitcoin's security model. Traditional yield products typically require trusting custodians, bridges, and smart contracts on other chains. By leveraging Lightning Network routing fees from actual network usage, the solution keeps BTC productive while maintaining Bitcoin's base layer security. The partnership aligns with Tether's expansion of USDT issuance on Lightning via RGB. [Read full announcement](https://www.globenewswire.com/news-release/2026/04/15/3274292/0/en/solv-protocol-becomes-first-to-deliver-bitcoin-native-yield-via-utexo-on-rgb-lightning-network-aligning-with-tether-s-usdt-expansion.html)

Solv Protocol has announced institutional partners for its FROST Multi-Sig governance system, marking a significant step in Bitcoin security infrastructure. **Key Partners Include:** - The Spartan Group - Antalpha Global - Apollo Crypto - Gumi Cryptos - IOSG Ventures - UOB Venture Management **What is FROST?** FROST (Flexible Round-Optimized Schnorr Threshold) is a Bitcoin-compatible threshold signing architecture that enables distributed, institutional-grade custody and governance without modifying Bitcoin's core protocol. **Why This Matters:** The upgrade from SAL to FROST Network provides: - Stronger security through distributed control - Enhanced accountability and auditability - Higher execution scalability - More reliable infrastructure for institutional adoption This partnership brings together established crypto institutions to govern and secure Bitcoin assets through advanced cryptographic methods, making SolvBTC more accessible for DeFi integrations while maintaining institutional-grade security standards. [Read full announcement](https://www.globenewswire.com/news-release/2026/03/27/3264146/0/en/Solv-Names-Insitutional-FROST-Multi-Sig-Partners-Raising-the-Bar-for-Decentralized-Bitcoin-Asset-Governance.html)

Solv Protocol, which operates the largest onchain Bitcoin reserve, has completed a security audit with Offside Labs. The platform has been systematically strengthening its smart contract infrastructure to support secure scaling of operations. **Key Points:** - Audit conducted by Offside Labs for backend smart contracts - Focus on secure and reliable business scaling - Part of ongoing security reinforcement efforts Solv previously worked with Zenith256, a firm that has audited major DeFi protocols including GMX, Jupiter, 1Inch, and Ethena. The protocol specializes in Financial NFTs, with products like Vesting Vouchers that unlock liquidity for locked tokens. Learn more at [solv.finance](https://solv.finance/home)