The Ethereum token supported by Bitcoin is being shut down due to incorrect planning

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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.

Quantum vs Bitcoin

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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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information provided in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Similarly, the content of the article and the information contained therein do not intend to provide sufficient information for a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those listed in the content of this article.

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