Ostium Drained by $11.86M Oracle Manipulation on Arbitrum
- DeFi Protocol
- Security
An attacker fed a fake $5,000 Bitcoin price into Ostium's oracle and extracted ~$11.86M through artificial perp trades. Trading was halted after the July 15 incident on Arbitrum. CT dissected the future-dated oracle data flaw.
Incident Details
- Type
- ORACLE MANIPULATION
- Funds Lost
- $11.9M
- Status
- Total loss
Trading suspended on Arbitrum