Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw
Covered by 3 sources · 3 articles
3 outlets - including Crypto-economy, Crypto and Theblock - are covering this story. TL;DR Exploit Origin: Ostium confirmed the July 15 incident stemmed from unauthorized off‑chain access that enabled fraudulent BTC‑USD price reports. Attack Method: The attacker tested with a 100 USDC position, then executed larger batches…
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Ostium Confirms July 15 Exploit Came From an Off‑Chain Infrastructure Breach
TL;DR Exploit Origin: Ostium confirmed the July 15 incident stemmed from unauthorized off‑chain access that enabled fraudulent BTC‑USD price reports. Attack Method: The attacker tested with a 100 USDC position, then executed larger batches…
Ostium blames off chain breach for $23.75M USDC exploit
Ostium has concluded that its July exploit originated from compromised off-chain infrastructure rather than a flaw in its smart contracts, after an investigation found the attacker manipulated price reporting to drain 23.75 million USDC fro…
Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw
The team said trader collateral was unaffected and that it will release a recovery plan for liquidity providers.