Svmuu News: Ostium, a perpetual futures DEX, stated that trading on the platform remains suspended following a security incident. User positions remain open but cannot be modified at this time, and trading margins are still held in the frozen trading smart contract and have not been moved.
Ostium stated that the team is continuing to coordinate with relevant authorities, SEAL 911, and several security researchers, and will issue updates regarding the resumption of smart contract activity and the timeline for recovering funds.
According to PeckShield’s monitoring, approximately 24 million USDC were stolen from Ostium’s public OLP treasury. The attacker subsequently converted the funds into approximately 12,100 ETH, of which about 10,500 ETH have been transferred to Tornado Cash.