CoinsAQ summary · neutral
Osmosis pauses operations after Nomic Chain nBTC exploit freezes 22.65 BTC
What happened
A double-spend vulnerability on the Nomic blockchain compromised nearly 40 nBTC, representing roughly 36% of alloyed BTC's backing on the Cosmos-based DEX. Osmosis, the prominent decentralized exchange in the Cosmos ecosystem, suspended key operations for its synthetic Bitcoin.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this.
18 Years of Satoshi’s Paradox: Can Bitcoin Survive What Comes Next?
Tether Posts $1.5B Q3 Profit as Reserve Buffer Nearly Doubles to $8B
The stablecoin giant also ended September with more than $190 billion in assets backing its flagship asset.