TLDR Tech / Crypto
Ostium blames off-chain breach for $24 million exploit
Ostium's post-mortem on its July 15 exploit found the attacker compromised off-chain infrastructure to submit fraudulent BTC-USD price reports, generating artificial profits from the OLP vault rather than exploiting a smart contract or multisig bug. The attacker tested with a $100 position, then executed a main batch plus six more cycles, draining $23.75 million total before automated monitoring stopped further withdrawals. Trader collateral was unaffected, the protocol migrated to a new production environment, and trading resumed July 23, with a liquidity provider recovery plan still to come.
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