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Crypto

Osmosis Freezes 22.65 BTC After Nomic Forwarding Bug Exposes Bitcoin Reserve Flaw

Guavy AI Editorial Team
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BTC
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Osmosis, a cryptocurrency platform, has frozen 22.65 BTC after a bug in Nomic's custom forwarding system led to a double-spend that compromised Bitcoin reserves.

The issue affected allBTC, an asset issued against a basket of Bitcoin variants held on Osmosis, including nBTC from the Nomic bridge.

Nomic's forwarding logic was at fault, and neither Osmosis' chain nor the Inter-Blockchain Communication protocol was compromised.

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