Osmosis suspends operations for synthetic Bitcoin after Nomic nBTC exploit
Osmosis suspended key operations for its synthetic Bitcoin asset on Sept. 9 after a Nomic blockchain exploit enabled double-spending of nBTC, freezing minting, redemption, deposits and withdrawals.
Osmosis, the prominent decentralized exchange in the Cosmos ecosystem, suspended key operations for its synthetic Bitcoin asset on September 9 after an exploit on the Nomic blockchain allowed an attacker to double-spend nBTC. The exchange froze minting, redemption, deposits, and withdrawals for all…