Osmosis froze 22.65 BTC after a flaw in Nomic’s custom forwarding system enabled a double-spend that left the allBTC asset partly unbacked by Bitcoin. The compromised allocation represents 36.03% of allBTC’s backing, roughly 39.84 nBTC created from false vouchers. Osmosis governance must now decide the fate of the frozen funds and provide an additional approximately 17.19 BTC needed to restore full parity. Minting and redemption of allBTC remain paused until the backing gap is resolved.
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