Troves xWBTC Vault Exploit on Starknet Drains 8.6 BTC

AI Market Summary

Troves' xWBTC/WBTC vault exploit on Starknet drained roughly 8.6 BTC after a deprecated rebalancing contract retained permissions — a familiar smart-contract hygiene failure. Losses are contained to one vault, with permissions revoked within 40 minutes, limiting systemic contagion. Expect modest negative pressure on STRK and Starknet DeFi TVL, plus renewed scrutiny of access controls across LST-backed vault strategies.

Impact level

● Low

Affected assets

STRK/USDT-1.23%

AI Insight · STRK/USDTAI Insight

▼ Bearish

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Troves, a DeFi strategy platform on Starknet, reported that its xWBTC/WBTC vault was exploited for roughly 8.6 BTC after an outdated rebalancing contract kept permissions following replacement. The team revoked the contract within about 40 minutes, stripped rebalancing permissions from its LST vaults and paused the xWBTC/WBTC, xSTRK/STRK and xstrkBTC/strkBTC vaults. No other vaults show impact. Troves is tracking the funds with security partners and will publish a postmortem for depositors.

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