$BTTC В In the DeFi protocol Nomic, a bug was found that hid 36% of the collateral of a Bitcoin fund for 74 days
A bug in the Nomic protocol led to alloyed BTC— a synthetic Bitcoin asset on the Osmosis platform—being backed by 36% less than it should have been. And nobody noticed it for almost two and a half months.
This is not a hack and not an attack—it's a software error. But cases like this are a reminder of why, in DeFi, it's important to monitor not only the token’s price, but also what it is actually collateralized by.
Source
Trade on Binance#BNBTops730USDT
A bug in the Nomic protocol led to alloyed BTC— a synthetic Bitcoin asset on the Osmosis platform—being backed by 36% less than it should have been. And nobody noticed it for almost two and a half months.
This is not a hack and not an attack—it's a software error. But cases like this are a reminder of why, in DeFi, it's important to monitor not only the token’s price, but also what it is actually collateralized by.
Source
Trade on Binance#BNBTops730USDT
