Threshold Network suspends tBTC cross-chain functionality, stating that its asset reserves are sufficient and no funds have been lost.
1 hours ago
According to official announcements, Threshold Network has temporarily suspended tBTC minting and redemption. tBTC remains fully collateralized with no funds lost to date. The cross-chain bridge wallet holds approximately 4,320 BTC, while ~4,185 tBTC is in circulation. No unauthorized minting or Bitcoin transfer records have been identified. In response to the recently disclosed Linux kernel vulnerability (CVE-2026-98432)—which could allow attackers to execute code remotely on unpatched servers—all tBTC node operators have either completed server patching or temporarily shut down their nodes pending a fix release. The team has found no evidence that this vulnerability has been exploited to target tBTC nodes. Separately, a node operator reported the same day a separate security incident unrelated to the kernel flaw affecting its broader infrastructure, leading to the theft of ~0.5 ETH from the Ethereum account used by its tBTC node for transaction fees. The node was offline at the time, and the operator found no evidence of unauthorized access to signing key materials. Threshold Network stressed that Bitcoin transactions in the tBTC wallet require signatures from a majority of independent operators, meaning no single operator can transfer funds unilaterally. The cross-chain bridge will reopen once security maintenance is complete and nodes resume operation on patched systems. The team will release its next update within 24 hours, and will provide earlier notifications if circumstances change.
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