Solv co-founder publicly responds: The safety FUD circulating online is entirely baseless attacks, and Solv can provide all factual evidence to prove its innocence.

BlockBeats news, on January 4th, Solv Protocol co-founder Ryan Chow published a statement on social media (regarding Solv being subjected to baseless attacks) in response to the recent related FUD in the cryptocurrency market.

Ryan Chow stated that Nubit co-founder Hans publicly accused Solv of misappropriating the underlying BTC of SolvBTC.BBN and attempted to validate this by citing a mempool link. However, the mempool link that Hans intercepted actually belongs to another revenue asset of Solv, SolvBTC.CORE, and this 'mistake' may have been intentional. In fact, the BTC participating in SolvBTC.CORE needs to be re-staked to a new script address every two weeks, with the last stake made on December 19th, retrieved on January 2nd, and re-staked. After each completion, it is necessary to report the address to defillama again, which is completely a routine action for Solv in managing the assets of SolvBTC.CORE.

Furthermore, Hans also accused SolvBTC.BBN of a decline in TVL during the Babylon Cap3 period, again implying that Solv has suspicions of misappropriating user assets. The reality of this accusation is that Solv officially began the redemption of SolvBTC.BBN on that day, and the change in TVL is completely normal. Ryan Chow believes that this further highlights the liquidity and flexibility that SolvBTC.BBN provides to users.