Foresight News reported that Ryan Chow, co-founder of Solv Protocol, posted on social media (regarding the situation of 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 referencing a mempool link. However, the mempool link that Hans captured actually belongs to another revenue asset of Solv, SolvBTC.CORE, and this 'error' may have been intentional. In fact, the BTC involved in SolvBTC.CORE needs to be re-staked to a new script address every two weeks, with the last stake on December 19 and the next retrieval and re-staking on January 2. After each completion, the address needs to be reported to defillama again, which is a routine action by Solv in managing the assets of SolvBTC.CORE.
Furthermore, Hans also accused SolvBTC.BBN of a decline in TVL during Babylon Cap3, again implying that Solv may have misappropriated user assets. The reality of this accusation is that Solv officially started the redemption of SolvBTC.BBN on that day, and changes in TVL are completely normal. Ryan Chow believes that this further highlights the liquidity and flexibility that SolvBTC.BBN provides to users.