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Liquidity pools were NOT "completely drained". Devs are fixing the bug, scoping the size of losses (likely in the range of ~$5M), and working on recovery. More info to come.
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A critical bug has been found on $OSMO / @OsmosisZone which could have potentially drained all liquidity pools. It has been discovered after a post on the subreddits /r/CosmosNetwork and /r/OsmosisLab. The chain was halted under immediate emergency to avoid further damage. 🧵
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says "which could have potentially drained all" not that it drained it all so no need to act corrective...you should have been transparent with us about what happened and not call it "emergency maintenance" 🤦‍♂️
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It was a point of clarification because some people misread the tweet they are correcting as saying “they might be drained”. Easy to misconstrue (esp for non native English users) and good for them for clarifying.
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devs, including working around the clock to fix any LP bugs. FYI: pools were NOT completely drained. Estimates ranging around $5million of damage. Understand situation > Fix bug > Commence chain. Don't panic and stay safu.
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