The stated redemption rate was about 1.117, but actual redemptions were settled at around 1.676. Comparing the two rates, the difference comes to roughly 50%.
After a large-scale redemption of Backbone Labs’ liquid staking token $bOSMO from the Osmosis community pool, the contract’s backing was nearly exhausted. In a disclosure posted to the forum on October 15, Johnny Wyles stated that every redemption under this staking contract had been overpaid since at least April 2026. The root cause was that $OSMO staked with Backbone’s own validators had been counted twice. Early redeemers took out more assets, diluting the backing for those who remained. The flaw came to light only when the community pool position was being prepared for liquidation.
For compensation, I’m focused on just two figures: about 40,508 $OSMO , covering 1,037 accounts. Governance Proposal 1049 has passed, authorizing the withdrawal of treasury positions managed by Margined and the burning of recovered $OSMO as it winds down its liquidity management business. The current price is 0.0446 USDT, down 11.51% over 24 hours. I’m considering the price and the compensation amount separately.
#合约漏洞 #安全事件
After a large-scale redemption of Backbone Labs’ liquid staking token $bOSMO from the Osmosis community pool, the contract’s backing was nearly exhausted. In a disclosure posted to the forum on October 15, Johnny Wyles stated that every redemption under this staking contract had been overpaid since at least April 2026. The root cause was that $OSMO staked with Backbone’s own validators had been counted twice. Early redeemers took out more assets, diluting the backing for those who remained. The flaw came to light only when the community pool position was being prepared for liquidation.
For compensation, I’m focused on just two figures: about 40,508 $OSMO , covering 1,037 accounts. Governance Proposal 1049 has passed, authorizing the withdrawal of treasury positions managed by Margined and the burning of recovered $OSMO as it winds down its liquidity management business. The current price is 0.0446 USDT, down 11.51% over 24 hours. I’m considering the price and the compensation amount separately.
#合约漏洞 #安全事件