Solv Protocol: The BTC + redemption event is considered a single transaction that triggers risk review.
2026-09-30 18:56:00
According to CoinMeta, Solv Protocol stated in a tweet that the recently discussed BTC + redemption event was a case where a single transaction triggered risk review. The BTC + subscription and redemption mechanism is still operating normally, and the relevant assets are still securely kept within the protocol, having not been transferred, destroyed, or disposed of in any other manner. Previously, a user claimed that on July 8th, they withdrew approximately 50 BTC from Binance and converted it into BTC + through SolvBTC. However, since the security incident on July 13th, they have been unable to redeem their assets from that address. The user mentioned that despite submitting required documents such as the source of funds, transaction records, and wallet control proofs, and having exchanged about 60 emails with the project team, the issue remains unresolved. Solv Protocol stated that they will continue to review the situation based on verifiable information and evidence, following established risk management procedures, and may cooperate with legal counsel or relevant judicial processes for further verification if necessary. They will not make judgments solely based on social media identities or unilateral public statements.
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