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🚨 Ostium exploited for $23.75M
DeFi protocol Ostium (@Ostium) has reportedly suffered a $23.75M USDC exploit
Here's what happened:
> 23.75M USDC was stolen from the protocol
> The attacker swapped the entire amount for 12,084 ETH at an average price of $1,966 per ETH
> Most of the stolen ETH was then deposited into Tornado Cash in an attempt to launder the funds
Another major reminder that smart contract and protocol risks remain one of the biggest threats in DeFi
#Ostium #Crypto #DeFi #Ethereum #Hack