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Ostium trading is still suspended, with users’ margin kept frozen
BlockBeats, July 16: Perp DEX Ostium posted that platform trading remains paused after the security incident. User positions remain open, but users are temporarily unable to modify them. Trading margin is still held in the frozen trading smart contract, and no funds have moved.
Ostium said the team is continuing to coordinate with relevant authorities, SEAL 911, and multiple security researchers. It will then publish updates on when smart contract activity can resume and a timeline for fund recovery.
According to PeckShield monitoring, about 24 million USDC from Ostium’s public OLP vault was stolen. The attacker then swapped the related funds for about 12.1k ETH, of which about 10.5k ETH has been transferred to Tornado Cash.