I currently have approximately 50 $BTC worth of assets in
@SolvProtocol that I am still unable to redeem.
I came for your 3% annual yield.
But what remains inaccessible is my entire principal.
On July 8, 2026, I withdrew approximately 50 BTC from Binance and converted them through normal channels from SolvBTC into BTC+.
My purpose was simple: I did not engage in complicated trading or speculation. I only wanted to hold BTC+ and earn approximately 3% APY.
Because of the significant amount involved, I checked the Solv website almost daily to monitor BTC+ NAV and yield. I later discovered that BTC+ minting and redemption had suddenly been suspended.
On July 13, BTC+ experienced a security incident. As an ordinary user, I had no idea what had happened.
On July 18 and July 20, I twice asked in the official community why minting and redemption had been suspended, but received no effective response.
On July 22,
@SolvProtocol publicly disclosed the security incident and stated that user assets had not been affected.
On July 31, Solv announced that the relevant functions had been restored, and a staff member told me I could initiate redemption.
However, when I tried, I discovered that my address was still restricted. Assets corresponding to approximately 50 BTC could not be redeemed.
Since July 31, I have repeatedly sought a resolution through Solv’s Discord, Telegram, and email channels.
I have cooperated with every request, providing proof of source of funds, transaction records, proof of wallet control, account information, and other requested materials.
To date, we have exchanged approximately 60 emails, around 50 of which were sent by me. In September, I also contacted people associated with the project through various channels, but still received no meaningful resolution.
My request is simple:
Remove the restriction, restore normal redemption, and allow me to recover my approximately 50 BTC worth of assets.
I am willing to continue cooperating with any reasonable risk-control or compliance review.
I ask
@SolvProtocol to answer directly:
I have submitted the requested materials. How much longer will the review take?
Why is my address still restricted?
When will normal redemption be restored?
I chose BTC+ because I saw it displayed/recommended through the BTC yield/earn section of Binance Web3 Wallet.
Because of my long-standing trust in Binance, I placed greater trust in a product I encountered through Binance Web3 Wallet. This was an important factor in my decision to allocate approximately 50 BTC to BTC+.
I hope Binance co-founder and Co-CEO He Yi
@heyibinance and Binance Co-CEO Richard Teng
@_RichardTeng can take notice of my situation.
I would also like to ask
@VenusProtocol:
As an important lending market for SolvBTC, have you initiated a risk assessment regarding the numerous reports in Solv’s official communities of users facing prolonged redemption restrictions?
I also hope
@SolvProtocol’s investors and ecosystem partners will pay attention:
@yzilabs
@blockchaincap
@LaserDigital_
@OKX_Ventures
@TheSpartanGroup
@IOSGVC
@hashed_official
@mirana
I am NOT asking these investors or Binance to assume responsibility for Solv.
I simply hope that, as Solv investors, ecosystem participants, and an important channel through which I discovered this product, you will pay attention to an ordinary user’s approximately 50 BTC worth of assets remaining unable to be redeemed for an extended period.
I hope you can help encourage:
@SolvProtocol
@Ryanchow_defi
@Will42w
@myantokengeek
to provide a clear, transparent, and actionable resolution.
I am simply asking for access to my own assets.
Any attention or assistance would be deeply appreciated. Thank you.