TBTC, a decentralized way to copy bitcoin (BTC) over to Ethereum, is relaunching today after a smart-contract bug sunk the project in May.
A bug in tBTC meant the dapp couldn't tell different bitcoin addresses apart, the team has disclosed.
ParaFi and Polychain are among the investors funding the firm behind the Fold app, the Keep protocol and an upcoming MetaMask competitor.
Thesis has put a pause on deposits into tBTC, its new platform meant to get bitcoin into Ethereum's decentralized finance (DeFi) ecosystem.
Thesis has closed a $7.7 million deal by selling its KEEP tokens to some of crypto’s top investors. Its TBTC project could get more bitcoin into DeFi.