Solv Protocol responds to a user's inability to redeem approximately 50 BTC: individual transactions triggered its risk control mechanisms, and the relevant assets remain fully held within the protocol.

Solv Protocol has issued a clarification on the recent BTC+ redemption incident that sparked public discussion, stating that BTC+ deposit and redemption mechanisms are currently operating normally. The incident is an isolated case: a specific transaction triggered the protocol’s risk review, and it does not affect BTC+’s overall deposit and redemption functions. Assets related to the incident remain safe and intact within the protocol, with no transfer, destruction, or other disposal. The matter is under review in accordance with established risk management processes. The protocol will handle the incident based on verifiable information and evidence, rather than making judgments solely based on social media identities or one-sided public statements. If necessary, Solv Protocol will cooperate with legal counsel or pursue relevant judicial procedures to further verify the situation. Solv added that it will not respond to future public discussions based on online identities or similar cases, and will continue to prioritize asset safety and the normal operation of BTC+. Earlier, X user @neillee99 posted that he withdrew approximately 50 BTC from Binance on July 8, converted it to SolvBTC and BTC+ via standard processes to earn an annualized return of around 3%. BTC+ subsequently suspended minting and redemption; Solv Protocol announced the resumption of these functions on July 31, but the user claimed his address remains restricted and his related assets have not been redeemable to date. The user noted he has submitted proof of fund sources, transaction records, and wallet control, with his demand being the lifting of the address restriction.