“Please refrain from deposits at the moment. Inbound at max capacity,” wrote one community manager.
Bitcoin infrastructure developer Nostr Assets has paused deposits following record-high user activity.
In a Dec. 5 announcement posted on Telegram, the Nostr Assets team warned users to “await further announcements and do not attempt to deposit into NostrAssets for the time being.” The service — which allows users to transact satoshis, or 1/100 millionth of a Bitcoin (BTC), through the Lightning and Taproot networks — claims to have onboarded over 70,000 new users and attracted 280 BTC ($11.8 million) in new deposits since Oct. 30.
On Dec. 4, Fiatjaf, the creator of the Nostr protocol — which allows users to interchange their social profiles and followers on different platforms — alleged that the Nostr Asset team was operating as an affinity scam. “Nostrassets has nothing to do with the Nostr protocol itself. It just borrows nostr in naming. You should not deposit any sats to this platform,” said Fiatjaf. The allegations have not been proven in a legal institution.
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