Blockaid Reverses BTTC Bridge Exploit Alert After Justin Sun Clarifies Shutdown

Blockaid, a blockchain security firm, initially raised an alert about a potential exploit on the BitTorrent Chain (BTTC) Bridge. The incident occurred when approximately $13.3 million in assets were drained from the bridge's Ethereum predicate contracts within minutes.

The suspicious activity was detected by Blockaid's monitoring system and resembled a bridge compromise. However, Tron founder Justin Sun later clarified that the transactions were part of an authorized internal operation linked to the project's planned bridge shutdown.

Sun stated that the BTTC team had completed the BTTC Bridge Sunset Program as part of an internal operational process. He assured users that their funds remained safe and that they could continue depositing and withdrawing bridged assets through partner centralized exchanges.