Key points
- Threshold Network has resumed tBTC bridge operations on-chain after completing security maintenance.
- The bridge holds approximately 4,320 Bitcoin against 4,185 tBTC in circulation, according to on-chain figures.
- The bridge interface remains disabled while node operators reconnect, delaying new deposits, minting and redemptions.
Threshold Network announced that tBTC bridge operations resumed on-chain on 8 November following security maintenance.
The bridge’s wallets hold approximately 4,320 Bitcoin (BTC) against 4,185 tBTC in circulation, according to Threshold’s figures.
“tBTC remains fully backed,” Threshold Network said in its November 8 update.
However, the bridge interface remains disabled until enough node operators reconnect to process deposits, minting and redemptions.
Threshold said existing redemption requests and deposits remain safe and will be processed as operators reconnect.
Aave froze its Ethereum Core tBTC reserve on 31 October, blocking new deposits and borrowing against the asset.
The freeze does not prevent users from withdrawing existing tBTC deposits or repaying loans, while other Aave markets remain unaffected.
The bridge’s on-chain restart marks a step towards restoring tBTC services, but full functionality depends on operator recovery.
Frequently asked questions
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