Solv Protocol co-founder Meng Yan says he exited daily operations and was unaware of the BTC+ incident
AI Market Summary
Solv Protocol's cofounder stated he is no longer involved in daily operations and was unaware of the July BTC+ security incident at the time. The disclosure highlights a 50 BTC deposit and subsequent actions as a key condition in the attack path, though no causal link is proven. While the team reports funds were protected and remain on-chain, the episode can tighten risk perceptions around BTC-related yield products.
Impact level
● Low
Affected assets
BTC/USDT-1.91%
AI Insight · BTC/USDTAI Insight
● Neutral
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Solv Protocol co-founder Meng Yan said he is no longer involved in the project’s day-to-day operations and was not engaged in the BTC+ business, adding that he was unaware of the security incident when it happened. He said a user later contacted him asking him to communicate with Solv’s business team, according to ChainCatcher. Solv previously disclosed a BTC+ security incident in July, saying a 50 BTC deposit and subsequent actions became an important condition in the attack path, with the attack occurring three days later but being identified and blocked in time to protect user funds. Meng said current facts do not prove the two matters are necessarily related, but they were sufficient to trigger a higher-level security review.
