Solv Protocol (SOLV) Accused of TVL Fraud

Binance Labs, Laser Digital (Nomura's subsidiary), Blockchain Capital, , gumi Cryptos, CMT Digital... is accused of faking its TVL (Total Value Locked) by "inflating" the TVL 3 times. , the co-founder of the Nubit project, accused of intentionally defrauding the TVL. claims that updating the TVL addresses on is a standard procedure reflecting the required 15-day restaking cycle for the underlying , and the change in 's TVL is directly related to the buyback plan, which has been publicly disclosed from the beginning. denies the "3x TVL" allegation as baseless, but has not provided evidence to prove it. requests to directly clarify which wallets reported are actually partnered whale wallets "staked" (but not under 's direct control). is a yield staking protocol that helps users earn profits from their holdings with low risk. In October 2024, raised an additional $11 million, bringing the total fundraising to $25 million. At the end of the last year, Binance announced that is the 3rd project.

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