Ostium Loses $23.75 Million Due to Price Manipulation
Ostium suffered a significant loss of $23.75 million due to a price manipulation attack. An attacker exploited a trusted price forwarder to provide false Bitcoin pricing.
The incident involved the attacker feeding a fake $60,000 Bitcoin quote to the vault, which led to the draining of funds. Following the manipulation, the attacker collected payouts on trades that were not executed in reality. This incident highlights vulnerabilities in price feed mechanisms within crypto platforms.
Addresses in this incident
| Address | Chain | Role | Check |
|---|---|---|---|
| 0x3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C | ETH | mentioned in coverage | Check live |
Roles are attributed to the source that stated them. Addresses without an attributed role are listed because coverage mentioned them, not because we assign them a part in the incident.