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tBTC To Pause Deposits Only A Week After Its Public Launch

Roland James

Summary: tBTC, the Ethereum-based token backed 1:1 by bitcoin, has stopped deposits only a week after its public launch. According to a tweet from tBTC project lead Matt Luongo on Monday, deposits will remain paused for the next 10 days and the tBTC team will aid users in withdrawing funds. The reason behind the pause is ...

tBTC, the Ethereum-based token backed 1:1 by bitcoin, has stopped deposits only a week after its public launch.

According to a tweet from tBTC project lead Matt Luongo on Monday, deposits will remain paused for the next 10 days and the tBTC team will aid users in withdrawing funds.

The reason behind the pause is currently unknown, but will reportedly be revealed later today in a full post-mortem.

By Roland James

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