SecurityCoinDeskabout 1 hour ago
Ostium loses $18M in oracle exploit
1 min read
An attacker exploited a registered PriceUpKeep forwarder in Ostium's price-feed automation system, submitting oracle reports with manipulated future timestamps to make losing trades appear profitable. This triggered an $18 million USDC payout from the protocol's vault on Arbitrum. Ostium, a perpetuals exchange focused on real-world assets, had raised $27.8 million and processed over $50 billion in trading volume.
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