Global capital is moving onchain. Today in Singapore, @SolvProtocol , @StellarOrg and @ParagonProtocol brought together leaders across #Bitcoin, #stablecoins, #RWAs and institutional finance for GLOBAL CAPITAL, ONCHAIN. Thank you to every speaker, partner and guest who joined us. 💜 A look back 👇
Tomorrow in Singapore, global capital goes onchain. GLOBAL CAPITAL, ONCHAIN brings together leaders across #Bitcoin, #stablecoins, #payments, #RWAs and institutional finance. Here’s what we’ll unpack on October 8. 🧵
The first names are in. Meet the first wave of speakers joining GLOBAL CAPITAL, ONCHAIN — leaders across Bitcoin, stablecoins, RWAs, payments and institutional finance. 8 October · Fairmont Singapore More speakers to come. Save your spot ↓ https://t.co/z65FIKz51R #Token2049
Over the past few weeks, there has been public discussion around a specific BTC+ redemption case, which has also raised broader questions about BTC+ reserves, redemptions, and security. Based on the information confirmed to date, Solv would like to clarify the following: 1. BTC+ subscriptions and redemptions are operating normally. This is an individual case in which a specific transaction triggered a risk review. The BTC+ subscription and redemption mechanism continues to operate normally. 2. The relevant assets remain safe and fully preserved within the protocol. The assets associated with this case remain fully preserved within the protocol and have not been transferred, destroyed, or otherwise disposed of. The matter is currently being reviewed under Solv’s established risk management process. 3. The case will continue to be handled based on verifiable information and evidence. Solv will not make determinations solely based on social-media identities or unilateral public statements. The review will continue in accordance with established procedures, and where necessary, Solv will cooperate with legal counsel or relevant judicial procedures for further verification. Solv will not provide further public responses to other public discussions based on online identities or similar circumstances. We will continue to prioritize asset security and consistent risk management standards to ensure the normal operation of BTC+.
1/ Bitcoin has established itself as a global reserve asset. The next chapter is making it productive—without compromising the properties that make Bitcoin valuable in the first place. 🟣
#Bitcoin is moving again. 📈 But price is only one measure of progress. The bigger unlock is making Bitcoin move across markets, strategies, and economies—as productive capital. That’s what #Solv is building. Bitcoin, unbound. 🟠 https://t.co/f4Mp7k9tCg
BTC+ on BNB Smart Chain: Security Update On July 13, the BTC+ contract on BNB Smart Chain was affected by a security incident. BTC+ assets acquired through official Solv channels remain fully secure. Our investigation found that the attacker compromised the deployer private key and upgraded the BTC+ minting proxy contract on BSC to mint unauthorized BTC+ tokens. The team completed emergency response within three hours, isolating the malicious contract and freezing, burning, or quarantining all unauthorized BTC+. All underlying BTC assets remain fully secure. As a precaution, BTC+ subscription and redemption have been temporarily paused while a final security review is completed. Redemption is expected to resume within two weeks. BTC+ has never had an official liquidity pool on any DEX, and users should acquire and hold BTC+ only through official Solv channels. To prevent similar incidents, we have upgraded deployer security, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit of all relevant contracts. We are working with security partners on the investigation. A detailed post-mortem will follow.
BTC+ just went from 230.8 BTC → 283.9 BTC in a single week. That's +22.5%. In 7 days. Let that sink in 🧵👇 https://t.co/TKI174OCtf
