Another DeFi Exploit: Perp DEX Ostium Loses $18 Million in Oracle Attack
Decrypt·
60-second summary
Hackers are manipulating Ostium's price feed by compromising an oracle signer key on the Arbitrum-based perpetuals exchange, draining roughly $18 million from the DeFi platform. This exploit highlights vulnerabilities in decentralized finance systems, where attackers can exploit compromised oracles to manipulate market data and drain user funds, further eroding investor confidence in DeFi.
Hackers manipulated Ostium's price feed by compromising an oracle signer key, allowing them to drain roughly $18 million from the Arbitrum-based perpetuals exchange.