Osmosis: Nomic exploit enabled nBTC double-spend; 39.84 nBTC flowed into Alloyed BTC, ~36% of backing

AI Market Summary

Osmosis reported a Nomic exploit enabling a double-spend of nBTC, with 39.84 nBTC entering Alloyed BTC and representing ~36% of its backing. Validators froze 22.65 BTC tied to the attacker, while Osmosis may cover the remaining deficit via its community pool. The event highlights cross-chain bridge and wrapped-BTC collateral risk, potentially pressuring Cosmos DeFi confidence and wrapped BTC liquidity conditions short term.

Impact level

● Medium

Affected assets

BTC/USDT+1.29%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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Osmosis reported that an exploit affecting Nomic enabled an attacker to double-spend nBTC. The chain said 39.84 nBTC was routed into Alloyed BTC on Osmosis, representing roughly 36% of the asset's backing. Validators have frozen 22.65 BTC tied to the attacker, and Osmosis plans to submit a proposal to cover the remaining shortfall with BTC from its community pool.

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