PANews, July 19: RWA trading platform Ostium has issued an update regarding the security incident. The official statement confirmed that Ostium’s LP vault was compromised on July 15, resulting in a loss of 23,752,746 USDC. The attacker exploited a compromised off-chain price oracle infrastructure to submit manipulated price reports, enabling arbitrage trades to generate illicit profits. Trader funds remain unaffected, as they are held in separately isolated contracts, and all positions remain open. The team is collaborating with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement agencies, and is coordinating with exchanges, bridges, and stablecoin issuers. Within 60 minutes of the initial attack transaction, coordinated actions were taken to suspend trading and freeze all trading contracts.
Ostium Update on the Attack: Collaborating with Multiple Parties; Will Notify 24 Hours Before Restart
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Summary
Ostium shared an update on the recent attack, revealing that on-chain data showed the LP vault was exploited on July 15, resulting in a loss of 23,752,746 USDC. The attackers manipulated trades using forged price reports via a breach of an off-chain price oracle. Funds are isolated and unaffected, and all positions remain open. The team is collaborating with Mandiant, zeroShadow, and others, while on-chain analysis aids in tracking the incident. Trading was halted within 60 minutes, and contracts were frozen. A restart will be announced 24 hours in advance.
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