Osmosis has frozen 22.65 BTC from the attacker's address on the Nomic chain.
1 hours ago
According to official announcements, Osmosis has confirmed awareness of a vulnerability on the Nomic blockchain. The flaw allows attackers to double-spend nBTC, enabling them to send fraudulent credentials to Osmosis. Osmosis and the Inter-Blockchain Communication (IBC) protocol remain unaffected, as the bug resides in Nomic’s custom forwarding mechanism. Of the total minted nBTC, 39.84 nBTC is held in Alloyed BTC, accounting for roughly 36% of its total backing. Upon discovering the issue, moderation subDAOs suspended deposits and withdrawals of Nomic and Alloyed BTC on Osmosis, and collaborated with validators to execute an emergency upgrade, freezing 22.65 BTC in attacker addresses. Osmosis will submit a proposal to its governing body to seize these assets, and request that governance use BTC accumulated in the community pool to cover the remaining balance and restore full backing for Alloyed BTC.
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