Solv Protocol says BTC+ redemptions remain normal amid dispute

  • Solv Protocol said BTC+ subscriptions and redemptions are operating normally.
  • An account claims about 50 BTC has remained restricted since July.
  • Solv said the assets remain preserved and have not been transferred or destroyed.

Solv Protocol said BTC+ subscriptions and redemptions are operating normally after a public dispute involving an account that claims to hold about 50 BTC. The protocol described the matter as an individual risk review triggered by a specific transaction, saying the assets remain fully preserved and have not been transferred, destroyed or otherwise disposed of. The account posting as neil lee (@neillee99) says it withdrew about 50 BTC from Binance on 8 July 2026, converted the coins into SolvBTC and BTC+ for a stated yield near 3%, and has been unable to mint or redeem since a security incident it says Solv disclosed on 22 July. Solv has not confirmed the amount, wallet or timeline, and neither side has published a transaction that resolves the dispute. BTC+ is Solv’s Bitcoin yield meta-vault, with scheduled redemption windows on EVM networks and limited instant redemption on BNB Chain.

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