Ostium trading remains paused, user margin funds remain frozen

Odaily reports, perpetual contract DEX Ostium stated that platform trading remains paused following a security incident. User positions remain open but cannot be modified for now, and trading margin funds are still held in the frozen trading smart contract without any movement.

Ostium stated that its team is continuously coordinating with relevant authorities, SEAL 911, and multiple security researchers. Updates regarding the resumption of smart contract activities and the timeline for fund recovery will be released subsequently.

According to PeckShield monitoring, approximately 24 million USDC from Ostium's public OLP vault was stolen. The attacker subsequently swapped these funds for approximately 12,100 ETH, of which about 10,500 ETH was transferred to Tornado Cash.