Blockstream launches swaps service after Boltz suspends operations

Blockstream has launched Blockstream Swaps in beta testing after noncustodial swap provider Boltz suspended its services following months of automated probing and several exploits. Summary Blockstream has launched Blockstream Swaps in beta after Boltz suspended its swap services. Boltz blamed months of automated, AI assisted probing and several exploits for the suspension. Blockstream said its swap service was already in development and will support transfers across Bitcoin, Lightning and Liquid. Boltz said no user funds were at risk because its architecture is self custodial. Blockstream said in an Aug. 10 announcement that the in-house service is already being tested with select participants, with development now being accelerated after Boltz stopped processing swaps on Aug. 3. The Bitcoin infrastructure company said the product was under development before the shutdown and is intended to add another option for users moving funds between Bitcoin, Lightning and Liquid. Boltz said its suspension followed a steady increase in automated, AI-assisted attempts to probe its infrastructure, along with several exploits that the team said were contained. The company kept its swap services ...