asset security

Solv co-founders respond to public attacks: The accusations regarding Solv's asset security issues are incorrect and self-contradictory

ChainCatcher news, BTCFi project Solv Protocol co-founder Ryan Chow stated, "After experiencing a whole day of baseless public opinion attacks regarding '1,800 RUG' and 'private agreements' yesterday, today Solv has faced even more absurd accusations. These accusations invariably target the core asset security issues, but their basis is erroneous and contradictory, attempting to mislead the public through confusion. In response, we have decided to address these claims head-on and shatter these false statements with facts."Regarding the accusation from Nubit co-founder Hans about the misappropriation of the underlying BTC of SolvBTC.BBN, Chow pointed out that the mempool transactions cited by the other party are actually routine operations of SolvBTC.CORE. According to the project mechanism, SolvBTC.CORE needs to re-stake BTC to a new script address every half month, with the last staking occurring on December 19, and the extraction and re-staking taking place on January 2, which is also the reason for updating the address to DeFiLlama.Additionally, in response to the doubts about the decline in TVL of SolvBTC.BBN during Babylon Cap3, Chow stated that this is due to the project initiating a normal redemption mechanism, which precisely reflects the product's liquidity and flexibility. At the same time, he also refuted market speculation regarding the "BTC three flowers," which suggests that the same BTC is counted three times in the TVL.Chow emphasized that as a project that has been deeply engaged for four years, Solv is facing such a meticulously planned attack during the sensitive period leading up to the TGE (Token Generation Event), and has provided ample on-chain evidence and technical documentation to support its position, inviting the market and users to make their own judgments.

Digital asset security company Station70 has completed a $5 million seed round financing, led by Matt Walsh and Castle Island Ventures

ChainCatcher news, digital asset security company Station70 recently announced the completion of a $5 million seed round financing, led by Matt Walsh and Castle Island Ventures, with participation from Notation Capital, Semantic Ventures, SCB 10X, and CoinShares.It is reported that Station70 has officially launched its cornerstone disaster recovery platform Bunker. Bunker aims to simplify the key backup and recovery (KBR) process, helping institutional clients address a wide range of trust and security challenges related to digital asset security and accessibility. Bunker will offer both standard and enterprise configurations, with the enterprise version providing advanced configurations, customized compliance features, regulatory and audit reports, as well as insurance and other value-added services. In addition, Station70 also offers Recovery Response Services (RRS) for enterprise clients to assist in establishing a resilient failover architecture.Adam Healy, founder and former Chief Information Security Officer (CISO) of Station70, stated that institutions generally face challenges in managing private keys when self-custodying assets. Station70's mission is to provide the necessary tools for the industry to help institutions quickly enhance business continuity. They will collaborate with numerous high-quality wallet providers, especially Fireblocks, to build an industry ecosystem where trust and security are core features.In the coming weeks, Station70 will conduct tests of Bunker with several clients, aiming to launch a public version as soon as possible.
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