Non-Custodial Bitcoin to Ethereum Bridge Shut Down After Two Days

The team behind the tBTC project, designed to facilitate the transfer of Bitcoin (BTC) to Ethereum (ETH) through decentralized custodians, has shut down the bridge just two days after its launch.

This decision was announced on May 18 by Matt Luongo, the founder of Thesis, the company that supports tBTC through the Keep project. The tBTC solution was launched on May 16 on the Ethereum mainnet, but it lasted only two days before the team opted for a temporary shutdown.