Solv Protocol says BTC+ operating normally amid redemption dispute

Solv Protocol said its BTC+ subscription and redemption mechanism is operating normally amid recent controversy over a single BTC+ redemption. The protocol said the issue arose after one specific transaction was designated for an internal risk management review, adding that all assets related to the disputed BTC+ case remain fully held within the protocol and have not been transferred, burned or disposed of. Solv said the assets are under review under established risk management procedures and the matter will be handled based on verifiable information and evidence. Solv added it plans to cooperate with legal and judicial proceedings if necessary while continuing to ensure BTC+ operates normally and maintaining asset safety and consistent risk management standards. BTC+ is Solv Protocol’s yield-bearing vault that provides interest on Bitcoin deposits.