Tag: nBTC
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Nomic Exploit Hits Osmosis as Alloyed BTC Faces $3 Million Backing Gap
Osmosis has halted key Bitcoin-related operations after an exploit on the Nomic chain allowed an attacker to double-spend nBTC and send false vouchers to the decentralized exchange. Osmosis said the vulnerability was located in Nomic’s custom forwarding mechanism and that neither Osmosis itself nor the Inter-Blockchain Communication (IBC) protocol was compromised. The incident directly affected…
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