Solv Protocol, a Bitcoin staking platform, has been accused of inflating its total value locked (TVL) figures by industry experts. The accusations suggest that Solv recycles the same Bitcoin across multiple protocols, artificially increasing its TVL. Hanzhi Liu, co-founder of Nubit, raised concerns about Solv's operations and alleged that the platform uses pre-signed transactions to make one Bitcoin appear as multiple BTC in different protocols. Solv's team denies these accusations, labeling them as unfounded. Solv's Chief Marketing Officer, Eva Binary, claims that the TVL metrics are accurate and attributed fluctuations to routine redemption processes. Solv co-founder Ryan Chow believes that competitors are orchestrating a smear campaign to disrupt the platform. Solv currently manages around $2.5 billion in TVL.



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