Boltz founders exit as Bitcoin group takes over
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- Boltz’s founders are leaving the company after a Bitcoin-focused group agreed to take over the service.
- The swap service had been suspended before the takeover agreement.
- The transition could allow the Bitcoin infrastructure service to continue operating.
Boltz’s founders are leaving the company after an unnamed Bitcoin-focused group agreed to take over the suspended swap service.
The service had paused operations before the takeover agreement was reached.
The transition is intended to allow the Bitcoin (CRYPTO:BTC) swap service to continue operating under new ownership.
Boltz is known for providing Bitcoin and Lightning Network swap infrastructure that allows users to move funds between different payment layers.
The identity of the takeover group has not been publicly disclosed.
The founders said they would step away from the project as the ownership transition moves forward.
The agreement marks a change in control for a Bitcoin infrastructure service that had recently suspended operations.
