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Osmosis froze 22.65 BTC after Nomic forwarding bug, CryptoSlate reports

CryptoSlate says minting and redemption were paused, and recovering the frozen funds would still leave a 17.19 BTC gap for governance to cover.

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1 Source, 23d ago, first seen 23d ago

TLDR

CryptoSlate said on September 10 that a Nomic forwarding bug left 36% of allBTC’s backing in question. The outlet reports that Osmosis froze 22.65 BTC and that minting and redemption were paused. Even recovering the frozen funds would leave a 17.19 BTC shortfall for governance to cover, it says.

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1 Source, first seen 23d ago

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Combined views

1.4K

1 Source, first seen 23d ago

2 likes

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1 Source

@CryptoSlateOsmosis froze 22.65 BTC after a Nomic forwarding bug left 36% of allBTC’s backing in question. Minting and redemption are paused. Recovering the frozen funds would still leave a 17.19 BTC gap for governance to cover. https://cryptoslate.com/osmosis-freezes-22-65-btc-after-nomic-forwarding-bug-compromises-bitcoin-reserves/23d
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    1 Source

    @CryptoSlateOsmosis froze 22.65 BTC after a Nomic forwarding bug left 36% of allBTC’s backing in question. Minting and redemption are paused. Recovering the frozen funds would still leave a 17.19 BTC gap for governance to cover. https://cryptoslate.com/osmosis-freezes-22-65-btc-after-nomic-forwarding-bug-compromises-bitcoin-reserves/23d
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