[Solv Protocol Responds to User's Inability to Redeem Approximately 50 BTC: Specific Transaction Triggered Risk Control, Assets Remain Intact Within the Protocol] BlockBeats News, September 30 — Solv Protocol issued a clarification regarding a recent BTC+ redemption incident that sparked public discussion, stating that the BTC+ subscription and redemption mechanisms are currently functioning normally. The incident is an isolated case where a specific transaction triggered the protocol's risk review, and it does not affect the overall BTC+ subscription and redemption process. Solv Protocol emphasized that the assets related to this incident remain safe and intact within the protocol and have not been transferred, destroyed, or otherwise disposed of. The matter is currently under review in accordance with established risk management procedures. The protocol will continue to handle the incident based on verifiable information and evidence, without making judgments solely based on social media identities or unilateral public statements. If necessary, Solv Protocol will collaborate with legal advisors or verify the situation further through relevant judicial processes. Solv stated that it will no longer respond to other public discussions based on online identities or similar situations in the future and will continue to prioritize asset security and the normal operation of BTC+. Previously, X user @neillee99 posted that on July 8, they withdrew approximately 50 BTC from Binance and converted it into SolvBTC and BTC+ through the standard process to earn an annualized yield of about 3%. BTC+ subsequently suspended minting and redemption; Solv Protocol announced the resumption of these functions on July 31, but the user claimed their address remains restricted, and the related assets are still unrecoverable. The user stated they have submitted proof of fund sources, transaction records, and wallet ownership, requesting the removal of the address restriction. [Original Link]