Osmosis Freezes 22.65 BTC from Nomic Chain Attacker's Address
Osmosis has reported that the Nomic chain was attacked, with the attacker exploiting a vulnerability in the custom forwarding mechanism to carry out a double-spending attack, generating fake receipts and exchanging them for nBTC on Osmosis. Both Osmosis and the IBC protocol were unaffected. Currently, 39.84 nBTC have been minted, with approximately 36% of its collateral stored in Alloyed BTC synthetic assets. Following the incident, the Osmosis governance sub-DAO froze deposits and withdrawals between Nomic and Alloyed BTC, and completed an emergency upgrade with validators, freezing 22.65 BTC in the attacker's address. The team will submit a governance proposal to confiscate this portion of assets and request to use the remaining BTC in the community fund to cover the shortfall and restore the full collateral of Alloyed BTC.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Osmosis Restores Full Support for allBTC, Utilizing Seized Assets and Community Funds

Backbone Labs bOSMO Contract Vulnerability Leads to Exhaustion of Support, Osmosis Announces Compensation Plan

Osmosis Community Proposes to Terminate OSMO Inflation Issuance

Cosmos Staking Protocol Stride Proposes to Shut Down Chain and Migrate to Osmosis

Cosmos Hub Recovers 1.227 Million ATOM, Funds Stored in 4/6 Multisig Address

Nomic Issues 40.650602 nBTC Without Collateral, Osmosis allBTC Collateral Ratio Drops to 63.97%

Osmosis Community Proposal to Restore allBTC Peg through Community Pool and Seized Assets

Ondo Finance Stops Minting USDY on Aptos and Noble

Osmosis releases a major governance proposal to convert OSMO to ATOM

Thousands of Bitcoin nodes gave anonymous strangers a pass around security limits

Hedera Council adds Apex Group, servicer of $3.5T in assets

Kaspa developer targets ownerless prediction market by end-2026
Are GOPAX Withdrawals Still Paused? What Users Can Request and What Remains Unconfirmed
Check the latest GOPAX withdrawal status, which wallets qualify for manual requests, and how to tell whether your crypto withdrawal has been sent.
What Happened in the Binance Hack? How It Happened, Fund Recovery and User Safety
What happened in the Binance hack? Review the attack timeline, latest fund replenishment, recovery limits and practical steps to protect your account.

Hoskinson says he cannot run Cardano like a CEO. Who is accountable for its growth?

Why Pronostyx Is Building Prediction Markets for Questions the Big Platforms Ignore

Former Cointelegraph CEO Joins Phase as Co-Founder and CEO

Alta raises $47.5M for blockchain backed by crypto skeptic Jack Zhang

U.S. Mortgage Rates Surge After Four Weeks of Decline

Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix

How Far Can AI Trading Go Amid the Anti-Data Center Wave? It Depends on GPU Leasing Prices

XRPL lending protocol gains validator support as vault vote advances

Tech Veteran: Anthropic IPO Will Be the Peak of AI Market in US Stocks, Will 'Aggressively Buy Chinese AI' If Conditions Allow

Moody's Projects Global Credit Deterioration by 2027 and Warns of the Impact of Rates and AI

CPI Higher Than Expected in the U.S.: What It Means for Investors

EWY ETF Volatility: Semiconductor Concentration, Rebound, and Fund-Flow Risks

AI Agents Do More Than Just Place Orders: The Next Entrepreneurial Opportunity Lies in Matching and Trust

Exodus Reports $8.3M Quarterly Loss as Wallet Platform Expands Payments Business

USAR Stock: Rare-Earth Commercialization, Quarterly Losses, and Funding Risks











