The RWA trading platform Ostium on Arbitrum reported that on July 15, a hacker compromised the off-chain infrastructure related to the protocol’s pricing system, resulting in losses exceeding $23.75 million. Ostium is collaborating with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement agencies, and is coordinating with exchanges, bridges, and stablecoin issuers. Ostium is isolating and hardening its infrastructure and will provide at least 24 hours’ notice before unfreezing trading contracts; upon reopening, traders’ positions will be marked at prevailing prices.
Ostium Discloses $23.75M Loss from July 15 Attack
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Summary
Ostium, an RWA trading platform on Arbitrum, disclosed a $23.75 million loss resulting from a July 15 attack on its off-chain pricing infrastructure. The incident triggered an on-chain alert, prompting the platform to collaborate with Mandiant, zeroShadow, and law enforcement. Ostium is strengthening its protocol update and coordinating with exchanges and stablecoin issuers. Trading contracts will remain frozen until the infrastructure is secured, with users notified at least 24 hours prior to reopening. Positions will be marked at current prices.
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