PANews|Sep 10, 2026 11:59
[Cosmos Ecosystem DEX Osmosis Proposes Using Community Pool and Confiscated Attacker Assets to Restore allBTC Peg]
Cosmos ecosystem DEX Osmosis announced that a proposal for restoring the reserve backing of Alloyed BTC has been officially posted on the governance forum for discussion. The proposal suggests confiscating 22.65 BTC previously frozen in the attacker’s address through an emergency on-chain upgrade via governance voting and utilizing the BTC reserves accumulated in the Osmosis community pool to cover the remaining shortfall of approximately 17.19 BTC, thereby achieving full redemption of the underlying assets of Alloyed BTC.
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