Osmosis Freezes 22.65 BTC After Nomic Double-Spend
The freeze patches one hole, but 36% of allBTC's backing sits in tainted nBTC and a 17.19 BTC gap has no governance proposal on the table yet.
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The freeze patches one hole, but 36% of allBTC's backing sits in tainted nBTC and a 17.19 BTC gap has no governance proposal on the table yet.
The breach sits on the Nomic side of the bridge, not Cosmos or Osmosis consensus, but roughly 36% of Alloyed BTC's backing is still on the line until governance acts on the seizure vote.
The warning exposes a central trade-off in stablecoin adoption: crypto can reach daily spending through Visa, but that route preserves dependence on traditional payment rails.