Crypto Daily Scoop

Osmosis Restores AllBTC Backing Using Seized Tokens, Community Funds

Community contributions covered a deficit equivalent to 17.19 BTC, even as the platform's deposit and withdrawal functions remained paused pending further action.

thedefiant.io

The Osmosis protocol has successfully reinstated its full backing in AllBTC, achieving this through the utilization of seized tokens alongside community-provided capital.

#bitcoin#defi#regulation#exchange

Read the original ↗

Related coverage

Next on the wire

  1. Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains

  2. Morning Minute: Binance Hack Leads to Mass Outflows While FBI Opens Probe

  3. Strategy Resumes Bitcoin Buys With $66M Purchase

  4. Binance Hackers Swap Stolen Solana for Bitcoin

  5. Bitcoin volatility curve shows midterm bump for Nov 2 2026