Pause minting and redemption, Osmosis suspends BTC Alloyed asset operations due to Nomic nBTC cross-chain bridge security incident

Odaily News: According to Osmosis monitoring, due to a security incident involving the Nomic nBTC cross-chain bridge, Osmosis has suspended the minting and redemption of BTC Alloyed assets, with deposits and withdrawals also temporarily halted. BTC on Osmosis is backed by 30% nBTC. The team will soon release a full post-mortem analysis and recovery plan. BTC in pools remains tradeable, and Osmosis reminds users to be aware of the risks.