ChainCatcher report: Osmosis has posted on X that, due to a security incident involving the Nomic nBTC cross-chain bridge, Osmosis has suspended the minting and redemption of BTC Alloyed assets, along with deposits and withdrawals. BTC on Osmosis is backed by 30% nBTC. The team will soon release a full post-incident analysis and recovery plan. BTC in the pool remains tradable; users are advised to exercise caution.
Osmosis Pauses BTC Alloyed Asset Minting and Redemption Due to Nomic nBTC Bridge Security Incident
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Summary
Osmosis has paused the minting and redemption of BTC Alloyed assets due to a security incident involving the Nomic nBTC bridge. Deposits and withdrawals are also suspended. BTC on Osmosis is backed by 30% nBTC. The team will soon release a post-mortem and recovery plan. BTC in pools remains tradable, but users should carefully assess the risk-to-reward ratio and monitor support and resistance levels.
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