Skip to main content
Sign in

Sovryn

avoid.net/sovryn→38/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·4adQvj…9NKX

Summary

Sovryn is a Bitcoin-backed decentralized finance protocol built on the Rootstock (RSK) sidechain, offering lending, borrowing, margin trading, and AMM services with its native SOV governance token. The protocol suffered a confirmed $1.1 million price manipulation exploit in October 2022 targeting its legacy lending pools, with approximately half of funds recovered via developer intervention. A separate critical smart contract vulnerability was disclosed via bug bounty in March 2021 but was not exploited. ZachXBT has flagged the entity; no detailed public post from ZachXBT specifically detailing Sovryn allegations was independently located at time of investigation.

Connected Entities

1 entities
Organizations
□Sovryn
Relationships
    Have evidence about Sovryn?

    Timeline(8 events)

    2020-12-15

    Sovryn launches on Rootstock (RSK) sidechain, offering Bitcoin-native DeFi lending and trading.

    2021-03-11

    Whitehat researcher 'Turbo' discloses a critical authorization bypass vulnerability via Immunefi bug bounty; vulnerability not exploited. Sovryn pays $76,568 bounty and patches the flaw.

    2021-03-24

    Reports emerge of Sovryn being near a $10 million investment agreement involving Anthony Pompliano ('Pomp'), per CoinDesk.

    2021-10-07

    SOV token reaches all-time high of approximately $44.91.

    2022-10-04

    Price manipulation exploit drains 44.93 RBTC and 211,045 USDT (approximately $1.1 million) from legacy lending pools via iToken flash loan attack. Sovryn places protocol in maintenance mode; approximately half of funds recovered.

    2022-12-11

    SOV token reaches all-time low of approximately $0.021.

    2024-11-01

    Sovryn Bitocracy approves SIP-0083, formalizing Sovryn's role as a contributor to the BitcoinOS initiative and launching the $BOS token.

    2025-01-01

    Sovryn publishes 2024 Development Report and financial summary covering Q4 2024 through Q4 2025; TVL reported at approximately $44.7 million on RSK, down 33.9% quarter-over-quarter.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:47 AM

    last updated: 5/28/2026, 5:25:01 PM

    avoid.net — verified advice for a post-truth world