A bug in redemption processing was found in a media blog post posted by Keep Network. In other words, users were unable to withdraw Bitcoin from tBTC. The code essentially couldn’t distinguish the different types of BTC addresses.
Despite the obvious mistake, the project plans to continue living. Keep Network asks for code auditors to track other issues. The team announces that it will announce its plans to “redeploy the tBTC system” at a later date..
In contrast to wBTC, another Ethereum token supported by Bitcoin is very successful
Wrapped Bitcoin (wBTC) has skyrocketed on Ethereum lately, but the tBTC fiasco doesn’t inspire much confidence. At the time of writing this article The amount of wBTC on Ethereum remained at around $ 22.4 million after the surge last week.
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