Flash News

Ostium blames the 24 million-dollar breach attack on the chain for the security breach and for the possibility of eliminating the smart contract defect

On 30 July, unfolded. wrote on platform X, stating that Ostum had stated that the attack on 15 July, which caused the loss of 2.375 million USDCs to the OLP vault, had resulted in a breach of the chain infrastructure, which had led the attackers to falsify BTC-USD price data. Neither smart contracts nor multiple wallets are affected, and traders keep their assets secure. The automated surveillance system prevented further damage. Following the deployment of the new security environment, the platform resumed trading on 23 July, and a financial recovery programme for the Liquidity Provider (LP) is still under development. The break-up of the chain system highlighted once again that, despite the integrity of the agreement itself, the continuity of the chain-based contract agreements continued to pose a continuing risk to the security of the chain。

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