Threshold Network has restarted its tBTC bridge after a nine-day security shutdown, though $120 million in tBTC remains frozen on Aave as the protocol awaits further node operator recovery.
Aave froze its tBTC reserve on Ethereum Core on Oct. 31, blocking a roughly $120 million reserve from new deposits and borrowing against tBTC, which reduces protocol activity. The restriction is precautionary with no unauthorized transfers or minting detected, and LlamaRisk plans to propose restoring the reserve once operations normalize, limiting lasting damage.
About 4,320 BTC sits in tBTC bridge wallets against roughly 4,185 tBTC in circulation, with no unauthorized transfers detected, and the bridge is resuming after a nine-day pause. This is a precautionary security event on a bridged Bitcoin product rather than direct Bitcoin market news, so the price effect on BTC itself is limited.
Threshold Network has resumed onchain operations for its tBTC bridge following a nine-day security pause triggered by a critical Linux kernel vulnerability. While the network is restarting, an Aave reserve holding approximately $120 million in tBTC remains restricted, preventing new deposits and borrowing against the token until further notice.
Yes. The freeze stops new tBTC deposits and tBTC from adding borrowing power, but existing users can still withdraw and repay loans.
The article says no unauthorized Bitcoin transfers or token minting were detected and no evidence the Linux kernel flaw was exploited against tBTC nodes, with roughly 4,320 BTC in bridge wallets backing about 4,185 tBTC in circulation.
Threshold reports roughly 4,320 BTC in bridge wallets against about 4,185 tBTC in circulation, with no unauthorized Bitcoin transfers or token minting detected, though the bridge is not yet accepting new deposits or redemptions.