2022 has been a year of upheaval in Web3. In June, TerraUSD and LUNA collapsed, freezing tens of millions of dollars in customer deposits. And in November, FTX and its associated hedge fund Alameda Research shocked the world when they declared bankruptcy. It has since been revealed that FTX had been funneling customer deposits to Alameda to fund investments and other projects, wiping out as much as $8 billion from user accounts. The shockwaves from these crises are still reverberating through the crypto markets.
In light of these events, the need for truly decentralized infrastructure like tBTC has never been more clear. The time for freedom tech builders is now.
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Threshold is proud to be launching tBTC in January 2023: a robust, decentralized, permissionless bridge for the premier crypto collateral: BTC. We’re proud to be building freedom tech. Are you in?
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