Solv Protocol, a leading Bitcoin staking platform, is accused of inflating its total value locked (TVL) figures. Experts have raised concerns about the platform's asset-handling practices and the accuracy of its reported metrics. Despite strong denials from Solv's team, allegations suggest that the platform recycles the same Bitcoin across multiple protocols, artificially boosting its TVL. Hanzhi Liu, co-founder of Nubit, highlighted potential irregularities in Solv Protocol's operations, claiming that the platform uses pre-signed transactions to make one Bitcoin appear as multiple assets in different staking protocols. This practice, according to Liu, creates the illusion of higher TVL. Solv Protocol's representatives have refuted these claims, attributing TVL fluctuations to standard restaking cycles and routine redemption processes. They dismiss the accusations as part of a smear campaign orchestrated by competitors to undermine Solv's reputation and partnerships. Read more AI-generated news on: https://app.chaingpt.org/news

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