TechFlow news: On January 7, Solv Protocol issued a security incident announcement stating that its official Twitter account was hacked in the early hours of January 5, 2025, and a fraudulent Ethereum address was posted. The Solv team removed the scam post and issued a warning within 15 minutes, but some users still suffered losses.
Solv is now working with cybersecurity firm SlowMist to investigate the incident and strengthen security measures to prevent similar incidents from happening again. Solv has committed to fully compensating verified affected users if the funds cannot be recovered. The team expressed deep regret over the incident and reaffirmed their commitment to transparency, security, and user trust. They also reminded users of the importance of always verifying token addresses through official channels.
