Osmosis Restores AllBTC Backing After 17.19 BTC-Equivalent Shortfall
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Osmosis restored AllBTC backing using seized tokens and community funds, though app deposits and withdrawals had not yet reopened, The Defiant reported.
Osmosis has restored AllBTC’s backing through a combination of seized tokens and community funds, according to The Defiant.
Community funds covered a shortfall equivalent to 17.19 BTC. The report identified seized tokens as another part of the effort to restore backing.
App deposits and withdrawals remained closed at the time of the report, leaving their reopening pending despite the restoration of AllBTC’s backing.
Source: The Defiant
