Crypto
$1.8M in BTC Frozen as Nomic Exploit Exposes Weakness in Cross-Chain Products
An attacker exploited a double-spend vulnerability on Nomic's nBTC, affecting nearly $3.15 million in value and triggering an emergency response from Osmosis.
The incident involved 39.84 nBTC, which represents about 36% of the backing for Osmosis' Alloyed BTC product.
Osmosis froze 22.65 BTC worth approximately $1.8 million in attacker-controlled addresses and plans to ask governance to seize the assets.