Deep Tide TechFlow message: On July 16, according to an official Ostium X post, the on-chain derivatives protocol Ostium suffered a security incident on July 16. Trading has been paused for now; user positions remain open but cannot be modified. Traders’ margin has been frozen in a smart contract. The team has been continuously collaborating for over 14 hours with relevant law enforcement agencies, SEAL 911, and multiple security research teams to trace the flow of funds and advance the investigation.

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