Aave Freezes $136 Million tBTC Market on Ethereum Core
Current overview (not historical)
Aave froze $136 million worth of tBTC collateral in its Ethereum Core market due to a redemption freeze risk. Risk assessor LlamaRisk recommended immediate freezing, and Aave guardians executed the restriction at 10:01 UTC, blocking additional deposits or increased borrowing. The freeze applies only to the Ethereum Core tBTC reserve; Base and Arbitrum markets were already frozen from earlier asset devaluation events. The action follows concerns over tBTC redemption stability.
Written with AI from the reporting · updated 11/1/2026
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- 1Unclassified fact stationOct 31, 00:00recorded Nov 2, 01:53single sourcerevised
Aave冻结1.36亿美元tBTC市场
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- aave
- Action：
- 冻结新存款和借贷
- Object：
- tBTC
- Occurred (fact side)：
- Oct 31, 00:00
- Published (valid side)：
- Nov 2, 01:40
- First seen (known side)：
- Nov 2, 01:53
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedAave freezes $136 million tBTC market after Threshold halts Bitcoin bridge
Report first recorded Nov 2, 01:53
Aave restricted new deposits and borrowing on its Ethereum Core market after Threshold Network suspended tBTC minting and redemptions. Approximately 1,760 tBTC worth $136.6 million, representing 42% of circulating supply, was frozen from the protocol. The restriction follows Threshold's undisclosed security maintenance on its Bitcoin bridge, which holds approximately 4,320 BTC backing 4,185 tBTC in circulation. Aave's guardian multisig executed the freeze at 10:01 UTC on Oct. 31. Existing users can still repay loans and withdraw collateral, while liquidations remain active.
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Event activity trend
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- 3
- Comparable peak
- 10Nov 2, 02:00
- 24h change
- -51%
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