Osmosis posts proposal to restore Alloyed BTC backing after Nomic nBTC incident

  • Osmosis opened a governance proposal addressing the earlier Nomic nBTC incident.
  • The plan would use community-pool BTC to cover the remaining collateral shortfall.
  • The proposal still requires community discussion and a governance vote before implementation.

Osmosis has opened a governance proposal addressing the earlier Nomic chain nBTC incident. The plan would consider confiscating assets frozen from the attacker and using BTC accumulated in the community fund pool to cover the remaining collateral shortfall, restoring full collateral backing for Alloyed BTC. The proposal remains under community discussion and must pass a governance vote; no assets have been confiscated and no collateral has yet been replenished.

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Osmosis posts proposal to restore Alloyed BTC backing after Nomic nBTC incident - CoinPost Terminal