Arbitrum's Ostium Protocol Hit with $23.75 Million Oracle Exploit

A major security incident has shaken the DeFi industry after Ostium, a real-world asset (RWA) perpetual trading protocol operating on the Arbitrum network, suffered an exploit that resulted in the loss of approximately $23.75 million.

The attack targeted the protocol's liquidity infrastructure and allowed an attacker to manipulate trading activity by taking advantage of compromised oracle permissions.

Ostium has since paused trading activities and begun an investigation with the support of cybersecurity specialists and relevant authorities.