# BTC+ on BNB Smart Chain: Security Update **URL:** \ **Category:** Announcements\ **Tags:** news\ **Created:** [July 19, 2026, 4:00pm UTC](https://governance.solv.finance/t/btc-on-bnb-smart-chain-security-update/56 "2026-07-19T16:00:00Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Solv-Protocol](https://yyz1.discourse-cdn.com/flex051/user_avatar/governance.solv.finance/solv-protocol/32/18_2.png) [@Solv-Protocol](https://governance.solv.finance/u/Solv-Protocol)\ **Post date:** [July 19, 2026, 4:00pm UTC](https://governance.solv.finance/t/btc-on-bnb-smart-chain-security-update/56/1 "2026-07-19T16:00:00Z")
On July 13, the BTC+ contract on BNB Smart Chain was affected by a security incident. BTC+ assets acquired through official Solv channels remain fully secure. Our investigation found that the attacker compromised the deployer private key and upgraded the BTC+ minting proxy contract on BSC to mint unauthorized BTC+ tokens. The team completed emergency response within three hours, isolating the malicious contract and freezing, burning, or quarantining all unauthorized BTC+. All underlying BTC assets remain fully secure. As a precaution, BTC+ subscription and redemption have been temporarily paused while a final security review is completed. Redemption is expected to resume within two weeks. BTC+ has never had an official liquidity pool on any DEX, and users should acquire and hold BTC+ only through official Solv channels. To prevent similar incidents, we have upgraded deployer security, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit of all relevant contracts. We are working with security partners on the investigation. A detailed post-mortem will follow.