Ostium pauses trading after apparent $18 million vault exploit

<p>Onchain perpetuals exchange Ostium paused trading on Wednesday after blockchain security firm Blockaid flagged that an attacker exploited its OLP vault on Arbitrum, draining roughly $18 million in USDC.</p>

<p>According to <a href="https://x.com/blockaid_/status/2077405527428989363">initial reports from Blockaid</a>, the attacker "used a registered PriceUpKeep forwarder and future-dated authorized oracle reports to create artificial trade profit, triggering an ~$18 million USDC payout from the vault."</p>

<p>"We are aware of the issue with the OLP vault," Ostium said in a post on X.

"We have <a href="https://x.com/Ostium/status/2077412452392652917?s=20">paused all trading</a>.

The team is investigating."</p>