coin-img-ETHETH+0.67%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.69%coin-img-USDCUSDC-0.01%coin-img-UBOXUBOX+1,520.66%coin-img-XRPXRP+0.11%coin-img-HYPEHYPE-0.38%coin-img-TRXTRX+0.30%coin-img-ETHETH+0.67%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.69%coin-img-USDCUSDC-0.01%coin-img-UBOXUBOX+1,520.66%coin-img-XRPXRP+0.11%coin-img-HYPEHYPE-0.38%coin-img-TRXTRX+0.30%coin-img-ETHETH+0.67%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.69%coin-img-USDCUSDC-0.01%coin-img-UBOXUBOX+1,520.66%coin-img-XRPXRP+0.11%coin-img-HYPEHYPE-0.38%coin-img-TRXTRX+0.30%coin-img-ETHETH+0.67%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.69%coin-img-USDCUSDC-0.01%coin-img-UBOXUBOX+1,520.66%coin-img-XRPXRP+0.11%coin-img-HYPEHYPE-0.38%coin-img-TRXTRX+0.30%

Ostium Hit by Price-Feed Exploit: Attacker Extracts $23.75M USDC via Spoofed BTCUSD Quotes

AI Market Summary
Ostium reported a $23.75M USDC theft after an attacker compromised its offchain price feed and pushed falsified BTCUSD prices, draining the OLP treasury in minutes. Funds were swapped into ETH and routed through Tornado Cash, raising immediate counterparty and protocol-security concerns and reinforcing scrutiny around offchain oracle controls and governance. The incident is likely to pressure related DeFi risk sentiment and liquidity conditions.
Impact level
● Medium
Affected assets
ETH/USDT+0.72%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Ostium said an attacker breached its offchain price-feed setup and pushed manipulated BTCUSD prices of $5,000 and $60,000. Using an initial 100 USDC, the attacker executed eight transactions and drained 23.75 million USDC from the OLP treasury in about five minutes. Ostium attributed the exploit to the absence of a multiparty approval mechanism within its offchain infrastructure. The stolen funds were swapped into ETH and routed through Tornado Cash.
Selected
USDC
USDC-0.01%
BTC
BTC+0.53%
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