Meng Yan responds to the 50 BTC incident: funds are still retained, no KYC requested

The co-founder of the Bitcoin financial asset protocol Solv Protocol, Meng Yan, stated that he has withdrawn from the daily operations of Solv and did not participate in the BTC+ business, and was unaware of the situation at the time. A user claiming to be the party involved later contacted him, asking him to communicate with the business team. Meng Yan mentioned that Solv had announced a BTC+ security incident in July, where the deposit of 50 BTC and subsequent operations constituted important conditions exploited by the attack path; the attack occurred just three days after the related operations, and Solv promptly identified and prevented it, protecting BTC+ user funds.

Meng Yan stated that the above situation alone cannot prove a direct correlation between the two matters, but it is sufficient to trigger a higher-level security review. Therefore, risk control protected the funds in question and required the user to explain the situation. He noted that during the review, Solv never required the user to undergo any form of KYC, nor did it require ordinary BTC+ users to use real names; the review focused on whether the identity and account explanations submitted by the user were consistent, whether the related accounts were controlled by the user, and whether the explanations for key operations could correspond with objective records. Risk control feedback indicated that the user had used multiple different names and online identities, and several key factual statements were inconsistent.

Meng Yan provided an example, stating that the user explained that on July 18, they saw a similar transaction by someone else, but the verification showed that the transaction occurred on July 20; the user later claimed they acted after seeing related content on the Solv official website, but the page at that time did not contain the content they referred to. He stated that risk control cannot lift security restrictions before eliminating doubts and has never refused to resolve issues through formal channels such as judicial procedures. In the section marked as personal thoughts, he mentioned that to his knowledge, the asset remains intact, can be traced on-chain, and has not been transferred, mortgaged, or disposed of.