Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw
The Block·
60-second summary
Ostium's team is attributing a $24 million exploit to an off-chain breach, ruling out a smart contract flaw. The incident left trader collateral unaffected, and the team is working on a recovery plan for liquidity providers.
The team said trader collateral was unaffected and that it will release a recovery plan for liquidity providers.