Boltz said its original founders have stepped down with immediate effect and an unnamed group of "veteran Bitcoiners" has agreed to take over the suspended Bitcoin swap service. The incoming operators are expected to provide capital and engineering support as the company works to identify and fix vulnerabilities and restore swaps, though no timetable has been given. The service has been offline since Aug. 3, when Boltz halted swaps after what it described as months of increasingly frequent, intense and sophisticated AI-assisted attacks. Several attacks succeeded and caused losses, Boltz said, but it added that user funds were never at risk because the service is non-custodial, meaning it does not hold customer assets on users’ behalf. The shutdown followed earlier disruptions. On Aug. 1, Boltz temporarily disabled EVM swaps involving USDT, USDC, TBTC, WBTC and RBTC while fixing a bug in its EVM integration, with Lightning, Liquid and on-chain BTC swaps still operating at that stage. Earlier issues included API and related-service downtime in June and the disabling of USDT swaps on its .onion site in April. Boltz later said its five-person team could not keep pace as automated probing and exploitation accelerated. All three original founders, Kilian, Michael and Karl, have stepped down and will have no formal role in the project. The case highlights a broader security challenge for small open-source crypto services as AI tools help both attackers and defenders move faster.