Ostium plans to restart trading this week; price fluctuations during the suspension period will not trigger forced liquidation

Golden Finance reports that crypto derivatives platform Ostium has released an official update. The platform plans to restart trading within this week and will issue a formal notice 24 hours before trading resumes. Currently, the auditing firm, third-party network security experts, and the engineering team are carrying out final system verification.
Regarding position rules: when trading resumes, all positions will be revalued at real-time market prices; price fluctuations during the trading pause will not trigger forced liquidation; if, after trading resumes, the marked-to-market value of positions falls below the liquidation threshold, liquidation will be carried out according to the rules; all unfilled orders will be kept unchanged.
For impacted liquidity providers (LPs), the platform is working on a special recovery plan. Ostium Labs will team up with both new and existing partners to participate in compensation using its own funds. The platform also reminds users that all information is valid only through official channels, and to beware of scams in which attackers send private messages requesting private keys or seed phrases.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned