Ostium, an RWA trading platform on Arbitrum, said the July 15 attack stemmed from a compromise of offchain infrastructure tied to the protocol’s pricing system, with losses exceeding $23.75 million. The team said it is now working with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement, while also coordinating with exchanges, bridges, and stablecoin issuers. According to Ostium, engineering efforts are currently focused on isolating and hardening the infrastructure required for a safe restart. The platform added that it will provide at least 24 hours’ notice before unfreezing trading contracts. Once trading resumes, trader positions will be marked at the reopening price, with price moves during the suspension period not affecting those positions.
Ostium, an RWA trading platform on Arbitrum, said the attack on July 15 was caused by a compromise of offchain infrastructure linked to the protocol’s pricing system, with total losses exceeding $23.75 million.
The company said it is working with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement. It is also coordinating with exchanges, bridges, and stablecoin issuers.
Engineering work is focused on a safe restart
Ostium said all engineering efforts are now centered on isolating and hardening the infrastructure needed to restart the platform safely.
Before unfreezing trading contracts, the platform said it will give at least 24 hours’ notice.
How positions will be handled after reopening
Once the platform reopens, trader positions will be marked at the reopening price, according to Ostium. Price swings during the downtime will not affect those positions.
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