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first_img Meng Yan responds to the 50 BTC incident: funds are still retained, no KYC requested

The co-founder of the Bitcoin financial asset protocol Solv Protocol, Meng Yan, stated that he has withdrawn from the daily operations of Solv and did not participate in the BTC+ business, and was unaware of the situation at the time. A user claiming to be the party involved later contacted him, asking him to communicate with the business team. Meng Yan mentioned that Solv had announced a BTC+ security incident in July, where the deposit of 50 BTC and subsequent operations constituted important conditions exploited by the attack path; the attack occurred just three days after the related operations, and Solv promptly identified and prevented it, protecting BTC+ user funds.Meng Yan stated that the above situation alone cannot prove a direct correlation between the two matters, but it is sufficient to trigger a higher-level security review. Therefore, risk control protected the funds in question and required the user to explain the situation. He noted that during the review, Solv never required the user to undergo any form of KYC, nor did it require ordinary BTC+ users to use real names; the review focused on whether the identity and account explanations submitted by the user were consistent, whether the related accounts were controlled by the user, and whether the explanations for key operations could correspond with objective records. Risk control feedback indicated that the user had used multiple different names and online identities, and several key factual statements were inconsistent.Meng Yan provided an example, stating that the user explained that on July 18, they saw a similar transaction by someone else, but the verification showed that the transaction occurred on July 20; the user later claimed they acted after seeing related content on the Solv official website, but the page at that time did not contain the content they referred to. He stated that risk control cannot lift security restrictions before eliminating doubts and has never refused to resolve issues through formal channels such as judicial procedures. In the section marked as personal thoughts, he mentioned that to his knowledge, the asset remains intact, can be traced on-chain, and has not been transferred, mortgaged, or disposed of.

first_img BPI questions MSCI's non-operating company rules, Strategy and Metaplanet may be removed from the index

According to Cointelegraph, the Bitcoin Policy Institute (BPI) released a research report questioning the process by which MSCI established its latest index rules. MSCI had previously listed companies such as Strategy and Metaplanet as potential "non-operating companies," which could lead to their removal from the index.MSCI first proposed excluding digital asset treasury companies from global indices in 2025, but after facing opposition, it shelved the plan in January and opted for a broader review of "non-operating companies." On August 3, MSCI put forward a broader proposal that could still result in the exclusion of Strategy and Metaplanet. In a report titled "The Invisible Committee of Wall Street," BPI pointed out that metadata shows the presentation MSCI consulted is stored in an internal folder specifically for digital asset treasury companies.According to the proposal, MSCI will first assess whether a company has a significant amount of operational assets before applying five additional financial tests. Its own simulations indicate that Strategy, Metaplanet, and uranium investment company Yellow Cake would be excluded. In 2025, JPMorgan analysts estimated that if Strategy were excluded, it could face an outflow of approximately $2.8 billion. BPI also questioned MSCI's reliance on "operational assets," stating that the term is not a standardized balance sheet category under U.S. GAAP or IFRS. MSCI concluded its opinion collection on September 30 and is expected to announce results on or before October 16, with related changes set to take effect during the index review in November 2026.

first_img Florida requests the court to prohibit OpenAI from unsupervised development of new models

According to a report by Reuters on September 28, Florida Attorney General James Uthmeier requested a judge on Monday to prohibit OpenAI from developing new artificial intelligence models without external oversight. This request is part of the state's lawsuit accusing OpenAI of harming children. Uthmeier also asked the court to order OpenAI to prohibit minors from using ChatGPT and to prevent the company from attributing human characteristics to the chat platform.Florida sued OpenAI in June, accusing it of misrepresenting the safety of ChatGPT, claiming that the platform provided information to school shooters, offered guidance on self-harm, and made young users addicted. The lawsuit was triggered by a shooting incident at a university in Tallahassee last year, as well as several other incidents in other states where it was alleged that ChatGPT provided information to individuals who later committed acts of violence. Uthmeier, a Republican, is also the first state attorney general to sue OpenAI over its impact on young users, and the company is facing related lawsuits filed by individuals and families.OpenAI spokesperson Drew Pusateri stated that the company has paused training its most powerful models and will not resume until additional safety measures are implemented, expressing a willingness to work with Florida and other states to promote pragmatic policies applicable across the industry. The company denies responsibility in these cases, stating that the chatbot provides information widely available online and continuously updates its safety tools. The request also cited recent comments from a former OpenAI employee and a current board member, stating that the development of artificial intelligence could lead to the end of humanity and must be slowed down.
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