Aave Freezes $136 Million tBTC Market After Threshold Halts Bitcoin Redemptions

TLDR Threshold Network paused tBTC minting and bitcoin redemptions on Oct. 31 for undisclosed security maintenance. Threshold says about 4,320 bitcoin back the 4,185 tBTC in circulation and no funds were lost. Aave froze new tBTC deposits and borrowing on its Ethereum Core market, where about $136.6 million in tBTC is supplied. Gauntlet withdrew about [...]

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