Ostium to Give 24-Hour Notice Before Restart After $23.75M Hack
AI Market Summary
Ostium, an Arbitrum-based RWA trading platform, disclosed a $23.75M+ loss tied to compromised offchain pricing infrastructure and is working with incident-response firms and law enforcement while coordinating with exchanges and stablecoin issuers. Trading will remain frozen until a hardened restart, with 24-hour notice and positions repriced at reopening. The incident underscores offchain oracle/infrastructure risk on L2 DeFi and can pressure near-term ecosystem confidence.
Impact level
● Medium
Affected assets
ARB/USDT-0.29%
AI Insight · ARB/USDTAI Insight
▼ Bearish
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Ostium, an RWA trading platform on Arbitrum, said the July 15 exploit stemmed from a compromise of offchain infrastructure tied to the protocol's pricing system, with losses exceeding $23.75 million, according to ME News.
In a post on July 19 (UTC+8), Ostium said it is working with Mandiant, zeroShadow, Collisionless, SEAL 911 and law enforcement, while coordinating with exchanges, bridges and stablecoin issuers.
The team said engineering efforts are focused on isolating and hardening critical infrastructure to enable a secure restart. Ostium will provide at least 24 hours' notice before unfreezing trading contracts. When trading resumes, open positions will be marked at the reopening price and will not reflect price moves during the downtime. (Source: Foresight News)
