Solv Protocol has restricted access to about 50 Bitcoin following a security review triggered by a suspicious incident in July involving BTC+. The protocol's co-founder Meng Yan clarified that he was not involved in the incident and that the funds remain intact and traceable on the blockchain. The review focused on verifying the user's identity and transaction explanations, which showed inconsistencies and multiple identities. The security restriction will stay in place until these issues are resolved, with judicial options still open for resolution. Meanwhile, BTC+ deposits and redemptions continue to operate normally.
The story about Solv Protocol's restriction of about 50 Bitcoin follows a market where 20 of 50 major cryptocurrencies on Pluang rose and 29 fell today. Notable movers include VeChain (VET) with a price of Rp143 and a 1-day change of -4.11%, Axie Infinity (AXS) at Rp21.944 with +3.60%, and Tezos (XTZ) at Rp5.525 with -3.00%. This snapshot is as of Oct 08, 2026 09:22 WIB.
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