Threshold pauses tBTC bridge after operator account drained of 0.5 ETH
CIE News ·
Based on reporting by The Defiant; not yet independently confirmed.
Threshold Network paused tBTC minting and Bitcoin redemptions on November 1 after an attacker drained 0.5 ETH from a node operator account, though bridge reserves backing $136.3 million remain safe.
Threshold Network paused minting and Bitcoin (BTC) redemptions for its tBTC bridge on November 1, 2026, after an attacker compromised a node operator's infrastructure and drained approximately 0.5 ETH from an account used for gas fees, according to The Defiant. Threshold stated that the incident occurred while patching a Linux IPv4 networking vulnerability and confirmed the affected node was taken offline. Master signing keys protecting the bridge's $136.3 million in collateral remain safe, while bridge conversions remain paused pending further audits.
Key facts
- 0.5 ETH drained
- $136.3M collateral backed
- Minting and redemptions paused
- Bridge reserves safe
Read the original at The Defiant