Lombard Finance acquires Avalanche's cross-chain Bitcoin asset BTC.b

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According to ChainCatcher, The Block reports that Bitcoin DeFi protocol Lombard Finance has announced the acquisition of Avalanche's (AVAX) cross-chain Bitcoin asset BTC.b and its related infrastructure. The deal was made by Ava Labs.

BTC.b, with a market capitalization of approximately $502 million, will continue to operate on Avalanche, with its contracts and name remaining unchanged.

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