Osmosis took 74 days to discover 40-BTC Nomic exploit
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6 Articles
A computer attack remained invisible for more than two months has shaken the Cosmos ecosystem, bringing back to the center of attention the theme of security in bridge crypto. L'exploit Osmosis Nomic has allowed an attacker to generate over 40 BTC in token nBTC without any real guarantee behind, exploiting two separate bugs in the bridge transfer mechanism [...]
One attacker coined 39.84 BTC in nBTC through a double expense in Nomic, while Osmosis took 74 days to identify that his reserves were compromised. The case left allBTC backed by only 36% and opened a debate on monitoring and responding to incidents in the Cosmos ecosystem.
Osmosis Freezes 22.65 Bitcoin After a Nomic Bug Drained allBTC's Backing
Osmosis froze its allBTC pool after discovering a 74-day-old exploit in Nomic's Bitcoin bridge let an attacker mint 39.84 fake BTC, wiping out 36% of the fund's backing. Osmosis froze 22.65 BTC tied to the attacker and plans a governance vote to cover the rest from its community pool.
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