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      User Reports Inability to Withdraw 50 BTC from Solv Protocol for Over Two Months

      A user has reported that approximately 50 Bitcoin (BTC) deposited into Solv Protocol has been inaccessible for over two months. The user, identified as @neillee99, stated that they withdrew the BTC from Binance on July 8, 2026, converting it into SolvBTC and BTC+ with the intention of earning a 3% annual yield without engaging in complex transactions.

      According to the user, after the deposit, the minting and redemption functions for BTC+ were unexpectedly paused. A security incident involving BTC+ occurred on July 13, prompting the user to seek clarification from the official community on July 18 and July 20, but they received no substantial response. Solv Protocol publicly acknowledged the incident on July 22, assuring users that their assets were not harmed. However, when the project team announced the restoration of functions on July 31, the user found their address still restricted, preventing the redemption of their assets.

      Since then, the user has attempted to communicate with Solv Protocol through various channels, including Discord, Telegram, and email, submitting documentation such as proof of funds and transaction records. They reported exchanging around 60 emails, with the majority sent by them, but have yet to receive a satisfactory response. The user is urging Solv Protocol, Venus Protocol, and other stakeholders to address the situation and facilitate the lifting of restrictions to allow for normal redemption of their assets.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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