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

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
![[Column] Robinhood Chain: The Meme Coin Craze May Be Over, But Growth Continues](/public-static/075_ade8940e45.png?format=avif)
[Column] Robinhood Chain: The Meme Coin Craze May Be Over, But Growth Continues

Speculation as a Theme of the Last Decade: Focus on Prediction Markets and Perpetual Futures Exchanges = Delphi Digital

Seizure of Cryptocurrency in Criminal Proceedings: New Rules and Unresolved Issues

BCG Study Puts Custody At The Center Of Banks’ Digital Asset Plans

Firedancer makes bounty hunters burn 1 SOL even for duplicate bug reports

Interpol: 1,462 Arrests and Crypto Money Laundering Networks Dismantled in Africa

NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules

Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds

Will Anthropic Delay Its 'Super IPO' Amid AI Trading Collapse? The Scheduled Listing Date in Mid-November Approaches

Researcher Reports Flaw in Cake Wallet That Could Divert Bitcoin Payments

Tokenized Stocks: Why 22 Giants Reject OKX and ICE's Plan

Tenstorrent's round accounts for 85.1% of crypto venture capital funding

Trump Prepares for Possible Escalation of Military Actions Against Iran After U.S.-Israel Elections

Crypto: The Pentagon bans its soldiers from betting on Polymarket and Kalshi

Chain Theory Proposes Deriving the Fine Structure Constant Using Quantum Information

Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion

Wall Street's $359 billion-a-day repo market has found a use for blockchain

Delay of the Glamsterdam Update on Ethereum Postpones Activation on Hoodi

JPMorgan Now Offers Two Tokenized Money Market Funds on Solana

Overview of Cryptocurrency Asset Regulation Series (11): South Africa, From FSCA License to Cross-Border Reporting

Cryptocurrencies: This Venture Capital Giant Drops the Word from Its Name and Turns to AI








