Osmosis freezes 22.65 BTC after Nomic forwarding bug compromises Bitcoin reserves
Osmosis has frozen 22.65 BTC after a flaw in Nomics custom forwarding system allowed a double-spend that left the allBTC asset partly unbacked by Bitcoin. Related Asset Bitcoin #1 BTC · $78,042.57 24-hour change: down 1.65% 24H Down 1.65% 7D Up 0.40% 30D Up 21.71% allBTC is issued against a basket of Bitcoin variants held on Osmosis, including nBTC from the Nomic bridge. The official allBTC dashboard showed 110.57 allBTC in circulation and 39.84 nBTC in the basket at the reporting cutoff. Infographic traces allBTCs recovery path from Nomic forwarding failures through paused activity and governance decisions over frozen Bitcoin and reserve backing. Osmosis said the nBTC was created from false vouchers, putting 36.03% of allBTCs backing in question and leaving about 70.73 BTC-equivalent of other backing. Related Asset Osmosis OSMO · $0.03 24-hour change: down 7.13% The statement also noted that neither its chain nor the Inter-Blockchain Communication protocol was compromised, and the bug was in Nomics forwarding logic. SlowMists incident database also described the event as a Nomic bridge double-spend. The public disclosure came more than two months after the apparent exploit activity. On-chain researcher Rarma traced the principal minting to June 25 and said 22.65060846 allBTC created during July 17 activity remained unmoved when the









