Osmosis said a proposal designed to address the earlier nBTC incident on the Nomic chain has gone live and has formally entered community discussion. Under the proposal, the Osmosis governance community would consider confiscating the attacker assets that were previously frozen. It would also use BTC accumulated in the community pool to cover the remaining collateral shortfall, with the stated goal of restoring full collateral backing for Alloyed BTC. The plan has not yet been carried out. Osmosis said it still needs to go through governance discussion and a vote before any confiscation of assets or collateral top-up can be completed. The update outlines a proposed path forward, but the process remains subject to community approval.
According to ChainCatcher, Osmosis said a proposal created in response to the earlier nBTC incident on the Nomic chain is now live and has formally entered community discussion.
Under the proposal, the Osmosis governance community will consider confiscating attacker assets that were previously frozen. It would also use BTC accumulated in the community pool to cover the remaining collateral gap and restore full collateral backing for Alloyed BTC.
The plan is still subject to governance discussion and a vote. No confiscation of assets or collateral replenishment has been completed at this stage.
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