August 3
Boltz, a Bitcoin swap service that uses non-custodial design to protect customer funds, has suspended its operations after experiencing increased and sophisticated attacks involving automated attackers over the past several months. The company announced the shutdown on August 3rd and stated it will no longer rely on its infrastructure for refunds or swaps. A new group of veteran Bitcoiners is now preparing to take over the project.
The incoming group, which has yet to be confirmed, will provide capital and engineering resources. No specific information has been released regarding the composition or leadership of this new team. The exact timeline for the return of swaps has not been provided by Boltz.
Written by James Tobias
Bitcoin Desk
