A software flaw in Nomic's system allowed an attacker to mint 39.84 unbacked nBTC, creating a 36% deficit in the backing of Osmosis's Alloyed BTC fund. This exploit, which occurred on June 25, went unnoticed for 74 days until Osmosis discovered it and froze related deposits and withdrawals. Osmosis has locked 22.65 BTC from the attacker's wallet and plans to propose governance actions to seize these assets and restore full backing of Alloyed BTC. The incident highlights risks in BTC tokens minted on other blockchains relying on custom code.
Osmosis DEX recorded a 24-hour spot-swap volume of $659,593, which is lower than its average daily volumes over the past seven and 30 days, at approximately $1.36 million and $1.11 million respectively. This volume reflects spot-token swaps across th...
On October 19, Boomer (BOOMER) led cryptocurrency search interest, rising 21.12% to $0.0229 despite ranking 766th by market capitalization at about $23 million. Osmosis (OSMO) followed with the largest 24-hour gain of 30.46%, while Quantus (QTC) rank...
