Ostium Reopens After $23.7M Exploit
**Ostium has fully reopened trading** following a security incident that drained $23.7M USDC from its liquidity provider vault on July 15.
**What happened:**
- Attacker compromised off-chain price feed infrastructure
- Manipulated price reports to extract artificial profits
- Trader collateral remained safe in isolated contracts
**Recovery timeline:**
- Trading paused July 15
- Reopened July 23 at 10:00 AM ET in stages
- Protective actions enabled first (closing positions, managing collateral)
- Full trading now live
**Key details:**
- Open positions marked to live market price at reopening
- No liquidations based on prices during pause
- New LP deposits paused to protect existing providers
- Recovery plan in development with capital from Ostium Labs and partners
The protocol worked with Mandiant, zeroShadow, and law enforcement on the investigation.