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Ostium suffers an attack as the attacker exploits fake price arbitrage to steal 23.75 million USDC

Ostium suffers an attack as the attacker exploits fake price arbitrage to steal 23.75 million USDC

AiCoinAiCoin2026/07/30 00:49
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According to the official Ostium report, attackers infiltrated the off-chain price reporting system and submitted forged prices of $5,000 and $60,000 to the BTC-USD market. Starting with 100 USDC, they drained 23.75 million USDC from the OLP vault through 8 transactions in 5 minutes. This incident was caused by a lack of multi-party approval mechanisms in off-chain infrastructure. The stolen funds have been converted to ETH and laundered through Tornado Cash.
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