Threshold Network’s tBTC bridge partially resumed its on-chain operations after a nine-day security pause. Independent operators, who authorize Bitcoin movements and process deposits and redemptions, are reconnecting with patched nodes, but no restart date has been announced. Requests submitted before the Oct. 30 shutdown are expected to be processed, while new deposits, minting and redemptions remain suspended until enough nodes are online. Aave froze an approximately $120 million tBTC reserve on Ethereum Core on Oct. 31, preventing new deposits and the token from providing additional borrowing power, while withdrawals and repayments of existing loans remain possible. Roughly 4,320 BTC remains in the bridge’s wallets against about 4,185 tBTC in circulation, and no unauthorized Bitcoin transfers or token minting were detected.
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