Hello @everyone,. The bridge has been halted per my previous announcement.
04 Jun 2023, 16:16
Hello @everyone,
The bridge has been halted per my previous announcement. The funds to clear the bridge are being processed from the bank and are expected to be available within the next few hours. We anticipate the delivery of the funds by tomorrow latest.
Regarding the liquidity top-up for Alchemist Chains, this will likely be topped up alongside the clearance of the bridge, however I still need to confirm this information with the core team.
The team is currently asleep, as it is almost 2 AM in Australia. As soon as they wake up, I will promptly communicate and provide further updates on this.
Furthermore, it was asked whether the bridge will only be shut down for USDTR to USDT and whether it will also be shut down for USDT to USDTR.
USDTR to USDT will be paused as the issue with the bridge is the USDT backing. USDT to USDTR will continue functioning as technically speaking, the USDT backing would be provided by the individual.