🚨 DeFi SECURITY ALERT: Aave & Gauntlet Limit $136M in tBTC Exposure!
Threshold Network has temporarily paused new $BTC deposits, tBTC minting, and redemptions due to security maintenance.
What happened?
🔹 Aave froze approximately $136.6M worth of tBTC collateral.
🔹 Gauntlet added its tBTC-backed lending market to an emergency exclusion list.
🔹 New deposits and borrowing are restricted.
🔹 Repayments and withdrawals remain available.
Why does this matter?
This situation highlights the risks of wrapped Bitcoin and cross-chain bridges in DeFi.
⚠️ Important: Threshold says tBTC remains fully backed, but the security maintenance raises questions that still need clear answers.
Stay informed. Protect your assets. Never ignore DeFi security risks.
#BTC #AAVE #DeFi #CryptoSecurity #tBTC
Threshold Network has temporarily paused new $BTC deposits, tBTC minting, and redemptions due to security maintenance.
What happened?
🔹 Aave froze approximately $136.6M worth of tBTC collateral.
🔹 Gauntlet added its tBTC-backed lending market to an emergency exclusion list.
🔹 New deposits and borrowing are restricted.
🔹 Repayments and withdrawals remain available.
Why does this matter?
This situation highlights the risks of wrapped Bitcoin and cross-chain bridges in DeFi.
⚠️ Important: Threshold says tBTC remains fully backed, but the security maintenance raises questions that still need clear answers.
Stay informed. Protect your assets. Never ignore DeFi security risks.
#BTC #AAVE #DeFi #CryptoSecurity #tBTC
