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An attack hit Ostium Vault, an RWA perpetual protocol on Arbitrum, involving around $18 million USDC

WuSaidBlockchainW
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Security company Blockaid said it detected an attack on Arbitrum’s RWA perpetual trading protocol Ostium Vault. The attacker used a pre-registered PriceUpKeep Forwarder and Oracle reports authorized for future dates to fabricate trading profits, triggering a vault reimbursement of about 18 million USDC. The relevant attack transactions and addresses have been made public, and the incident is still under further investigation. Ostium is a protocol focused on perpetual contract trading of real-world assets (RWA) such as stocks, commodities, and foreign exchange, with total funding of about $28 million. Investors include General Catalyst, Jump Crypto, Coinbase Ventures, Wintermute, and GSR, among others.
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ZeroCollector
· 9h ago
As soon as the RWA track caught fire, it was targeted—Oracles have become the new target.
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AirdropMathematician
· 9h ago
$18 million gone just like that—this round of investment by Jump Crypto is a bit painful
View OriginalReply0
MemeMiner
· 9h ago
Perpetual futures + RWA sounds really sexy, but timestamp manipulation is the old trick again.
View OriginalReply0
YieldBread
· 9h ago
General Catalyst, Coinbase Ventures, and Wintermute are all in the vehicle—what are the institutions feeling right now?
View OriginalReply0
KiteAndBlock
· 9h ago
Why did auditors miss this design flaw in PriceUpKeep Forwarder—how did the audit oversight happen?
View OriginalReply0

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