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Project Overview
Osmosis is an interchain DEX built on its own sovereign Layer-1 blockchain in the Cosmos ecosystem. It enables developers to design and deploy customized AMMs by using its various modules and leveraging Osmosis' on-chain governance system.
Osmosis Proposes Seizing Attacker Assets and Using Community BTC to Cover Alloyed BTC Collateral Shortfall
according to the Osmosis team, a solution proposal addressing the previous Nomic chain nBTC incident has now been published and has officially entered community discussion. Under the proposal, the Osmosis governance community will consider seizing the previously frozen attacker assets and using BTC accumulated in the community pool to cover the remaining collateral shortfall, in order to restore full collateral backing for Alloyed BTC. The plan still requires governance discussion and voting, and asset seizure or collateral replenishment has not yet been completed.
Gravity Bridge attacker deposits 1,180 ETH into Tornado Cash again
According to on-chain security firm CertiK (@CertiKAlert), the Gravity Bridge attacker recently deposited another 1,180 ETH (approximately $2.06 million) into Tornado Cash. Earlier, on May 30, the attacker exploited the permissionless deployERC20() function by forging the Osmosis token string, tampering with the token registry, and mapping fake balances to real custodial assets—thereby stealing approximately 2,600 ETH (around $5.4 million) from Gravity Bridge. To date, 2,020 ETH of the stolen funds have been transferred to Tornado Cash via two externally owned accounts (EOAs); the remainder has been dispersed across centralized exchanges, making fund recovery significantly challenging.
Stride announces orderly shutdown of on-chain operations, stTokens will be migrated to Osmosis pools
In a post on their official X account, the Stride team announced an orderly shutdown of the Stride chain. Stride Labs and the Stride Association are running critically low on funds. At the current burn rate, capital will be exhausted by February 2027, with the current on-chain TVL at approximately $6 million. The specific schedule is as follows: • By October 12: Users can redeem stTokens normally on Stride • On October 12: New redemptions will be paused, and the remaining staked assets will begin unbonding • Around November 20: The Osmosis pool will go live, and redemption functionality will resume All stTokens (including stATOM, stOSMO, etc.) and their underlying assets will be migrated to Osmosis’ Transmuter pool at a fixed redemption rate, with the redemption mechanism shifting to direct token swaps. Following the migration, stToken rewards will cease to accrue, but redemption rights will remain valid indefinitely. Users holding stTokens on other chains do not need to bridge them back to Stride and can redeem directly on the Osmosis pool.
The Stride chain will cease operations, and stTokens will be migrated to Osmosis for redemption
Cosmos ecosystem liquid staking protocol Stride has announced plans to wind down the Stride chain's operations in an orderly manner. Users can redeem stTokens through Stride before October 12, after which the redemption function will be suspended; once the underlying staked assets are fully unlocked, a redemption pool is expected to go live on Osmosis around November 20.stTokens will not expire, users do not need to take action before the migration, and stTokens already deployed on other chains do not need to be bridged back to Stride. stTokens such as stATOM and stOSMO, along with their corresponding underlying assets, will be migrated to Osmosis's Transmuter pool and exchanged at a fixed redemption ratio; reward accrual will cease after the migration is complete. Stride stated that Stride Labs and Stride Association have limited financial reserves, and at the current burn rate, funds are expected to be depleted by February 2027.
Osmosis Proposes Seizing Attacker Assets and Using Community BTC to Cover Alloyed BTC Collateral Shortfall
according to the Osmosis team, a solution proposal addressing the previous Nomic chain nBTC incident has now been published and has officially entered community discussion. Under the proposal, the Osmosis governance community will consider seizing the previously frozen attacker assets and using BTC accumulated in the community pool to cover the remaining collateral shortfall, in order to restore full collateral backing for Alloyed BTC. The plan still requires governance discussion and voting, and asset seizure or collateral replenishment has not yet been completed.
Ondo Finance will stop minting USDY on Aptos and Noble on September 8
Ondo Finance has announced that it will cease minting USDY on the Aptos and Noble networks starting September 8, while other supported networks remain unaffected. USDY on Osmosis and Mantra is also impacted by this adjustment, as it is bridged from Noble via IBC, and affected users may choose to migrate or exit based on their position size.
Upbit to List Multiple Tokens, Including PEAQ and LIT, on BTC and USDT Markets
According to an official announcement, South Korean crypto exchange Upbit will list the PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP tokens on its BTC and USDT markets. Trading for these tokens will begin at 3:00 PM local time on June 19.
Related news
Stride announces orderly shutdown of on-chain operations, stTokens will be migrated to Osmosis pools
In a post on their official X account, the Stride team announced an orderly shutdown of the Stride chain. Stride Labs and the Stride Association are running critically low on funds. At the current burn rate, capital will be exhausted by February 2027, with the current on-chain TVL at approximately $6 million. The specific schedule is as follows: • By October 12: Users can redeem stTokens normally on Stride • On October 12: New redemptions will be paused, and the remaining staked assets will begin unbonding • Around November 20: The Osmosis pool will go live, and redemption functionality will resume All stTokens (including stATOM, stOSMO, etc.) and their underlying assets will be migrated to Osmosis’ Transmuter pool at a fixed redemption rate, with the redemption mechanism shifting to direct token swaps. Following the migration, stToken rewards will cease to accrue, but redemption rights will remain valid indefinitely. Users holding stTokens on other chains do not need to bridge them back to Stride and can redeem directly on the Osmosis pool.
The Stride chain will cease operations, and stTokens will be migrated to Osmosis for redemption
Cosmos ecosystem liquid staking protocol Stride has announced plans to wind down the Stride chain's operations in an orderly manner. Users can redeem stTokens through Stride before October 12, after which the redemption function will be suspended; once the underlying staked assets are fully unlocked, a redemption pool is expected to go live on Osmosis around November 20.stTokens will not expire, users do not need to take action before the migration, and stTokens already deployed on other chains do not need to be bridged back to Stride. stTokens such as stATOM and stOSMO, along with their corresponding underlying assets, will be migrated to Osmosis's Transmuter pool and exchanged at a fixed redemption ratio; reward accrual will cease after the migration is complete. Stride stated that Stride Labs and Stride Association have limited financial reserves, and at the current burn rate, funds are expected to be depleted by February 2027.
Osmosis Proposes Seizing Attacker Assets and Using Community BTC to Cover Alloyed BTC Collateral Shortfall
according to the Osmosis team, a solution proposal addressing the previous Nomic chain nBTC incident has now been published and has officially entered community discussion. Under the proposal, the Osmosis governance community will consider seizing the previously frozen attacker assets and using BTC accumulated in the community pool to cover the remaining collateral shortfall, in order to restore full collateral backing for Alloyed BTC. The plan still requires governance discussion and voting, and asset seizure or collateral replenishment has not yet been completed.
Ondo Finance will stop minting USDY on Aptos and Noble on September 8
Ondo Finance has announced that it will cease minting USDY on the Aptos and Noble networks starting September 8, while other supported networks remain unaffected. USDY on Osmosis and Mantra is also impacted by this adjustment, as it is bridged from Noble via IBC, and affected users may choose to migrate or exit based on their position size.
Upbit to List Multiple Tokens, Including PEAQ and LIT, on BTC and USDT Markets
According to an official announcement, South Korean crypto exchange Upbit will list the PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP tokens on its BTC and USDT markets. Trading for these tokens will begin at 3:00 PM local time on June 19.
Gravity Bridge attacker deposits 1,180 ETH into Tornado Cash again
According to on-chain security firm CertiK (@CertiKAlert), the Gravity Bridge attacker recently deposited another 1,180 ETH (approximately $2.06 million) into Tornado Cash. Earlier, on May 30, the attacker exploited the permissionless deployERC20() function by forging the Osmosis token string, tampering with the token registry, and mapping fake balances to real custodial assets—thereby stealing approximately 2,600 ETH (around $5.4 million) from Gravity Bridge. To date, 2,020 ETH of the stolen funds have been transferred to Tornado Cash via two externally owned accounts (EOAs); the remainder has been dispersed across centralized exchanges, making fund recovery significantly challenging.