‹ BackNewsBlockaid

Blockaid

Ostium hit by oracle report exploit as five-minute incident drains up to $24 million
Ostium
2026-07-15 17:01:25

Ostium loses about $18 million after oracle signer key compromise, Blockaid says

Ostium, a decentralized perpetuals exchange built on Arbitrum, lost roughly $18 million on Wednesday after attackers compromised an oracle signer key and manipulated the platform’s price feed, according to blockchain security firm Blockaid. The firm said the attacker used a registered PriceUpKeep forwarder and future-dated authorized oracle reports to fabricate trading profits, which then triggered a multi-million USDC payout from Ostium’s OLP liquidity vault. Ostium acknowledged the issue on X, said it had paused all trading, and noted that its team was investigating. At the time of the attack, Ostium held about $63 million in total value locked, putting the loss at close to one-third of protocol liquidity. The exchange offers decentralized perpetual futures tied to real-world assets such as stocks, commodities, foreign exchange markets, and indices. The incident lands in a year that has already seen heavy losses across decentralized finance. Decrypt reported that more than $840 million was stolen from DeFi protocols in the first five months of 2026, including $292 million from KelpDAO and $285 million from Drift Protocol, while Resolv Labs lost more than $25 million in June. The report also highlighted security warnings that advances in artificial intelligence are speeding up vulnerability discovery, with ThreatLocker CEO Danny Jenkins and security researcher Taylor Hornby pointing to AI’s growing ability to uncover complex software flaws.

1450
Ostium loses about $18 million after oracle signer key compromise, Blockaid says
Ostium Halts Trading After Oracle Exploit, With OLP Vault Loss Estimated at Up to $18 Million
Blockaid warns BarnBridge legacy proposals may expose token approvals
Blockaid flags attack on Lumi Finance on Arbitrum, about $270,000 moved out
Blockaid says Lumi Finance on Arbitrum appears under attack, with about $270,000 lost
Blockaid Says Summer.fi Was Exploited, With About $6 Million Lost