Perpetual DEX Ostium said trading on its platform remains suspended following a security incident, with user positions still open but unavailable for modification. The team said trading margin remains untouched inside the frozen trading smart contract. Ostium added that it will continue to share updates on when smart contract activity can resume and on the timeline for recovering funds, with announcements to be issued as soon as new developments emerge. The protocol also said it is coordinating with relevant authorities, SEAL 911 and multiple security researchers. Earlier, Foresight News reported that blockchain security firm PeckShield had detected an exploit involving Ostium’s public OLP vault, with roughly 24 million USDC stolen. The attacker later swapped the funds into about 12,080 ETH, and 10,540 ETH had already been moved into Tornado Cash.
Perpetual DEX Ostium said trading on the platform remains suspended after a security incident.
The protocol said user positions are still open, but they cannot be modified at this stage. Trading margin remains untouched in the frozen trading smart contract.
Ostium said it will keep providing updates on the resumption of smart contract activity and on the timeline for fund recovery. Any new development will be announced immediately, according to the team.
The project also said it is in ongoing coordination with relevant authorities, SEAL 911 and multiple security researchers.
Earlier, Foresight News reported that PeckShield had detected the theft of about 24 million USDC from Ostium’s public OLP vault. The attacker later swapped those funds for about 12,080 ETH, of which 10,540 ETH had already been transferred to Tornado Cash.
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