Ostium Trading Halted After Security Incident Results in $24M USDC Theft

Ostium's trading remains suspended following a security incident that resulted in the theft of approximately $24 million worth of USDC.

The attacker swapped the stolen funds for around 12,100 ETH, with about 10,500 ETH already transferred to Tornado Cash.

User positions remain open but cannot be modified for now, and trading margins are still stored in the frozen trading smart contract.

Ostium is coordinating with relevant authorities, SEAL 911, and multiple security researchers to resolve the issue.