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Symbiosis Restarts Bitcoin Bridge Beta as Public Audit Report Remains Pending

The beta uses symBTC, backed one-for-one by native Bitcoin (BTC), and will have limited liquidity during testing.

By Simon Yoon
Published
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A brass coin approaches a narrow model bridge under a warm spotlight / TokenPost.ai
A brass coin approaches a narrow model bridge under a warm spotlight / TokenPost.ai

Symbiosis has reopened its Bitcoin Bridge V2 beta with symBTC, a wrapped asset backed one-for-one by Bitcoin (BTC), while liquidity remains limited during testing and the public audit report remains pending.

Symbiosis said its internal audit is complete, but the public audit report has not been released. It plans to publish the report after it is completed.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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