Ostium pauses trading as security firms report multimillion-dollar oracle exploit
Ostium halted trading and advised revoking contract approvals after blockchain security firms reported an apparent oracle-related exploit of its OLP liquidity vault, with estimated losses ranging from $18 million to $22 million.
Decentralized trading protocol Ostium paused trading Wednesday after blockchain security firms Blockaid and CertiK reported an apparent exploit of its OLP liquidity vault.
Blockaid estimated the exploit resulted in roughly $18 million in losses, while CertiK placed the figure at about $22 million. Both firms attributed the incident to an apparent compromise of Ostium’s oracle system, which supplies external price data to the protocol.
Source: Ostium