Ostium Liquidity Fund Suffers $23.7 Million Loss Following Cyberattack

The RWA trading platform Ostium confirmed a cyberattack on its liquidity provider fund on July 15, leading to a loss of over $23.7 million in USDC. Investigations suggest attackers manipulated off-chain price oracle infrastructure to generate illicit profits. While trader funds in isolated smart contracts remained secure, the platform paused trading and froze contracts quickly, and is now collaborating with security and law enforcement agencies.