Sovryn
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 38 → 60. Problems weighed by who is responsible: concerns that are not fraud −6.4, incidents the subject suffered −3.2, problems around the subject, caused by others −3.2; legitimacy credit long-running +8. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -3.2 |
| Long-running | +8 |
| Sum | 60 |
Score: 60/100 (kept between 0 and 100)
How scoring works →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
3 entities · 60 linked investigations- Sovryn→mentioned with→Bitcoin(70%)
- Sovryn→mentioned with→ZachXBT(70%)
- ZachXBT→mentioned with→Bitcoin(65%)
Timeline(8 events)
15 December 2020
Sovryn launches on Rootstock (RSK) sidechain, offering Bitcoin-native DeFi lending and trading.
11 March 2021
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.
24 March 2021
Reports emerge of Sovryn being near a $10 million investment agreement involving Anthony Pompliano ('Pomp'), per CoinDesk.
7 October 2021
SOV token reaches all-time high of approximately $44.91.
4 October 2022
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.
11 December 2022
SOV token reaches all-time low of approximately $0.021.
November 2024
Sovryn Bitocracy approves SIP-0083, formalizing Sovryn's role as a contributor to the BitcoinOS initiative and launching the $BOS token.
2025
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.
Decision Log
- slot 455366350 · hash GghPMKnBhFNVoKYEJ9UnameD2EnzvkZWCSxwyGdJV7w1
- slot 422765161 · hash 6Ne3PcxaunL9WPUPLD9HFgu8xaW6R4doA9xg7DpHDCKv
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 17 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:47 AM
last updated: 10/10/2026, 6:46:30 PM
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