The team behind the tBTC project, an effort to bring Bitcoin (BTC) over to Ethereum (ETH) through decentralized custodians, shut down the bridge just two days after launching it.
The decision was disclosed on May 18 by Matt Luongo, the founder of Thesis, a company that backs tBTC through the Keep project. TBTC was launched on May 16 on the Ethereum mainnet, lasting only two days before a temporary shutdown option was executed by the team.