Solv co-founder: 50 BTC preserved, no KYC demanded from user
- —Meng Yan: the 50 BTC are preserved and have not been moved, pledged or spent
- —Solv requested no KYC from this user or from regular BTC+ users
- —Risk team found discrepancies: the user cited a July 18 trade that actually occurred on July 20
- —Withdrawals stay frozen until questions are resolved; a link to the July BTC+ incident is unproven
Why it matters: The dispute over 50 BTC tests Solv's reputation and the practice of freezing funds without formal KYC, a precedent the market is watching.
Source: TokenPost