Solv Core's Public Response: The security FUD circulating online is baseless and purely aimed at attacking us. Solv can provide all factual evidence to clear our name.

BlockBeats News, January 4th, Solv Protocol co-founder Ryan Chow posted an "Explanation of the Unfounded Attacks on Solv" on social media in response to recent FUD in the crypto 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, in fact, the mempool link Hans intercepted belongs to another of Solv's revenue-generating assets, SolvBTC.CORE, and this "mistake" 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 staking on December 19th and withdrawal and re-staking on January 2nd. Each completion requires a new address submission to defillama, which is a routine action for Solv in managing the SolvBTC.CORE asset.

Furthermore, Hans also accused SolvBTC.BBN of a TVL decline during Babylon Cap3, once again hinting at suspicion of Solv misappropriating user assets. The reality of this accusation is that Solv officially began the redemption of SolvBTC.BBN that day, and the TVL fluctuation is entirely normal. Ryan Chow believes this further highlights the liquidity and flexibility that SolvBTC.BBN provides to users.