Threshold Network’s tBTC bridge has resumed onchain operations after a nine-day safety pause, however an Aave reserve holding about $120 million in tBTC stays frozen to new deposits and borrowing towards the token.
On Sunday, Threshold mentioned the bridge’s underlying community was restarting as security-patched node operators reconnected. These impartial operators collectively authorize Bitcoin actions and course of deposits and redemptions.
Requests submitted earlier than the shutdown are anticipated to be processed as extra operators return, however the app won’t settle for new deposits, minting or redemptions till sufficient nodes are on-line. Threshold didn’t announce a restart date.
Threshold initially halted the bridge on Oct. 30 whereas operators addressed a crucial Linux kernel vulnerability that might permit distant attackers to execute code on unpatched servers. The mission mentioned it discovered no proof the flaw was exploited towards tBTC nodes.
Aave froze its tBTC reserve on Ethereum Core on Oct. 31 to stop extra publicity whereas redemptions have been unavailable. The restriction stops new tBTC deposits and the token from including borrowing energy, whereas present customers can nonetheless withdraw and repay loans.
Threshold mentioned roughly 4,320 BTC stays in bridge wallets towards about 4,185 tBTC in circulation, with no unauthorized Bitcoin transfers or token minting detected. Aave threat supplier LlamaRisk mentioned it might suggest restoring the reserve after Threshold’s operations return to regular.
Related: Threshold: Upgraded bridge to funnel $500B institutional BTC into DeFi
Content Source: cointelegraph.com
