[Brief] DeFi Protocol Ostium Suffers $18 Million Exploit as Oracle Attack Wave Continues
Core Summary DeFi protocol Ostium suffered an approximately $18 million security incident. The attacker exploited Ostium’s own price-reporting infrastructure, submitting falsified future-dated oracle data to manufacture fake trading profits and trigger an $18 million payout. On-chain data shows the attacker dispersing stolen funds across multiple wallets after converting USDC into ETH. Ostium has paused trading in response to the incident. Event Details According to CoinDesk and The Block, this attack is part of a recent wave of oracle manipulation attacks targeting DeFi protocols. The attacker exploited Ostium’s price-reporting mechanism by submitting false future-dated data to the system, creating fraudulent trading profit records within the protocol and successfully triggering the $18 million fund withdrawal. ...