Bitcoin Cross-Chain Bridge tBTC Resumes On-Chain Operations, Applications Remain Suspended

on November 9, according to The Defiant, Threshold Network announced that the Bitcoin cross-chain bridge tBTC has resumed on-chain operations following security maintenance, but its application remains paused for new BTC deposits, tBTC minting, and Bitcoin redemptions.

Operational nodes are reconnecting via the patched system. Once a sufficient number of nodes go online and can process transactions promptly, the application interface will reopen. Deposit and redemption requests submitted prior to the pause will be processed as nodes reconnect.

The tBTC reserves in Aave's Ethereum Core Market remain frozen, with holdings amounting to approximately $119.9 million. This restriction prevents new tBTC deposits and new borrowings using tBTC as collateral, but repayments, withdrawals, and liquidations remain possible.