Aave has restricted new deposits and borrowing against $136 million in tokenized Bitcoin after Threshold Network suspended tBTC minting and redemptions. The Oct. 31 intervention followed Threshold's decision...
Summary
- Aave has restricted new deposits and borrowing against $136 million in tokenized Bitcoin after Threshold Network suspended tBTC minting and redemptions.
- 31 security update , Threshold said the token remained fully backed, with approximately 4,320 BTC held in bridge wallets against 4,185 tBTC in circulation.
- “tBTC remains fully backed, and no funds have been lost,” the project stated, adding that investigators had found no unauthorized token minting.
- The reserves exceed the circulating supply by about 135 BTC, reassuring holders about the assets backing the token even as they temporarily lose access to direct Bitcoin redemptions.
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