Solv co-founder responds in length: Allegations against Solv asset security issues are false and contradictory

Solv co-founder Ryan Chow responded to the recent hot public opinion in a post on X. The full text is as follows: After experiencing the unwarranted public opinion attacks of "1800 RUG" and "private agreement" all day yesterday, Solv suffered even more absurd accusations today. These accusations are all aimed at the core asset security issues, but their basis is wrong and self-contradictory, trying to mislead the public by confusing the public. In this regard, we decided to respond positively and smash these false statements with facts. First, Nubit co-founder Hans publicly accused Solv of misappropriating the underlying BTC of SolvBTC.BBN, and tried to verify it by citing the mempool link (address xxxm5I2). In fact, the mempool link he intercepted was that of Solv's other income asset SolvBTC.CORE, which was directly proved in the screenshots he provided. In addition, Hans also accused Solv of submitting an Update request to DeFillama urgently after "feeling guilty after being exposed." In fact, the BTC participating in SolvBTC.CORE must be re-pledged to a new script address every half a month. The last 12.19 was pledged, and 1.2 was withdrawn and re-pledged. After each completion, the address needs to be re-submitted to DeFillama. This is completely a routine action for Solv when managing SolvBTC.CORE assets. The on-chain information can fully prove the daily operation of Solv's income assets. In addition, Hans also accused SolvBTC.BBN of a decline in TVL during Babylon Cap3, again implying that Solv is suspected of misappropriating user assets. In fact, Solv officially started the redemption of SolvBTC.BBN on the same day. It is completely normal for TVL to change, which highlights the liquidity and flexibility that SolvBTC.BBN provides to users. The content even led the market to speculate that Solv had a "BTC three-spending" situation, implying that each BTC of Solv was repeatedly counted three times in TVL. Solv has been in construction for four years. At this sensitive time when TGE is approaching, it has suffered a series of well-planned and unprovoked attacks. In this regard, we have provided all the facts and evidence, and will leave the truth to the market and the public to judge for themselves.