DeFi· ★★★· neutral·

Osmosis Restores AllBTC Backing With Seized Tokens and Community Funds

  • —Shortfall in AllBTC backing totaled 17.19 BTC-equivalent
  • —Seized tokens and community funds covered the gap
  • —Deposits and withdrawals in the Osmosis app are still suspended
Why it matters: Restoring the backing removes the immediate risk of further losses for AllBTC holders, though the deposit and withdrawal freeze keeps pressure on confidence in the protocol.
#BTC
Source: The Defiant
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