Ostium issues an update on the attack incident: it is working with multiple parties to investigate and will notify users 24 hours before the restart

PANews July 19 news: RWA trading platform Ostium released an update on the attack incident. The official statement said that Ostium’s LP vault was attacked on July 15, resulting in a loss of 23,752,746 USDC. The attacker gained access to the off-chain price oracle infrastructure, submitted forged price reports, and manipulated opening and closing positions to obtain illegal profits. Traders’ funds were not affected (separately isolated contracts), and all positions remain open normally.

The team is working with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement, and is coordinating with exchanges, bridges, and stablecoin issuers. Within 60 minutes after the first attack transaction occurred, the coordinated response paused trading and froze all trading contracts. At present, all engineering efforts are focused on isolating and hardening the necessary infrastructure to ensure a secure restart. Ostium will issue notice at least 24 hours in advance before unfreezing trading contracts. After reopening, traders’ positions will be marked to market at the reopening price, unaffected by price fluctuations during the period.