Ostium Releases Update on $23.75M Attack, Restart Notice to Come 24 Hours in Advance

RWA trading platform Ostium has shared new details following the July 15 exploit.
* Ostium confirmed its LP vault lost 23,752,746 USDC in the attack.
* The attacker compromised the off-chain price oracle infrastructure, submitted forged price reports, and manipulated positions to extract funds.
* Trader funds were not affected, as they are held in separate isolated contracts, and all existing positions remain intact.
* Trading was suspended within 60 minutes of the first attack transaction, and trading contracts were frozen.
* Ostium is working with Mandiant, zeroShadow, Collisionless, SEAL 911, law enforcement, exchanges, bridges, and stablecoin issuers during the investigation.
* The team is strengthening its infrastructure before reopening.
* Ostium said it will provide at least 24 hours' notice before unfreezing trading contracts.
* When trading resumes, positions will be marked using the market price at the time of reopening, not interim price movements.
The incident highlights the critical role of secure oracle infrastructure in DeFi, where off chain data integrity can be just as important as smart contract security
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