Overview
- Boltz suspended all swap operations on August 3 after months of automated, AI-assisted probing and a series of contained exploits, and the company has not set a date to resume normal service.
- Boltz said customer funds were never at risk because its architecture is self-custodial and refund mechanisms remain available while swaps are offline.
- Blockstream announced a Blockstream Swaps beta that is being tested with select participants and said development predated the Boltz outage but has been accelerated in response to the disruption.
- The new service uses HTLC-based atomic swaps, including submarine and reverse-submarine swaps, to move funds trustlessly between on-chain BTC, Liquid LBTC, and Lightning without users running Lightning channels.
- The outage exposed a single-point-of-failure risk for platforms that relied on Boltz and prompted calls for more redundancy; Blockstream frames its beta as a complementary option that could reduce future service disruption while the market watches for wider rollout and security improvements.