Osmosis discovered a flaw in its redemption contract that caused users to receive about 50% more OSMO tokens than they were owed, shifting the extra cost to other holders. Since April, the contract has counted OSMO staked by Backbone Labs validators multiple times during each redemption. To address this, Osmosis will distribute roughly 40,500 OSMO to 1,037 bOSMO holders based on a snapshot taken before the redemption. The flawed contract remains unfixed, and Osmosis warns users against buying bOSMO or adding liquidity due to the token's sharply reduced backing and distorted pricing in liquidity pools. Compensation will be sent automatically after unbonding completes on October 24.
Osmosis compensation plans for 1,037 accounts with about 40,500 OSMO provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, as of Oct 16, 2026 17:32 WIB, 45 of 50 priced major cryptocurrencies rose while 4 fell. Notable moves include SXP at Rp37 with a 1-day change of -46.27%, ZIL at Rp47 with 0% Sell / 100% Buy order activity and a 1-day change of -16.17%, and BAL at Rp16.297 with a 1-day change of +11.14%.
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