Aave freezes $136 million tBTC market after Threshold pauses bitcoin redemptions

Aave has restricted new deposits and borrowing on its Ethereum Core market for tBTC, a tokenized bitcoin, after Threshold Network suspended tBTC minting and redemptions for security maintenance. The freeze affects around $136 million in tBTC supplied to the decentralized finance protocol. Threshold Network, which operates the tBTC protocol, halted bitcoin deposits, token minting, and redemptions from October 31. The network has not disclosed the specific nature of the security issue that prompted the pause.

Also reported by The Defiant.

Source: CoinTurk News