Ostium suffers $18 million exploit as oracle attack wave continues to hit DeFi

60-second summary

Ostium is suffering an $18 million exploit as a hacker utilizes the protocol's own price-reporting infrastructure to submit falsified future-dated oracle data, manufacturing fake trading profits and triggering an $18 million payout. This attack is part of an ongoing wave of oracle attacks hitting DeFi, putting pressure on the industry's security and trustworthiness.