According to BlockBeats news, on January 4, Solv Protocol co-founder Ryan Chow posted a statement on social media (regarding Solv being subjected to unfounded 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 corroborate this by referencing 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 must be re-staked to a new script address every half month. The last stake was on December 19, and it was reclaimed and re-staked on January 2. After each completion, the address needs to be reported to defillama again, which is entirely a routine action of Solv in managing SolvBTC.CORE assets.
Moreover, Hans also accused SolvBTC.BBN of a decline in TVL during Babylon Cap3, once again insinuating that Solv is suspected of misappropriating user assets. The truth of this accusation is that Solv officially began the redemption of SolvBTC.BBN on that day, and the change in TVL is entirely normal. Ryan Chow believes that this further highlights the liquidity and flexibility that SolvBTC.BBN provides to users.