Ostium Trading Remains Halted on July 16, User Collateral Frozen as $24M USDC Stolen

According to BlockBeats, on July 16, Perp DEX Ostium's trading remained halted following a security incident, with user collateral frozen in the platform's smart contract. Positions remain open but cannot be modified, and the funds have not moved from the frozen smart contract.

PeckShield monitoring data shows approximately 24 million USDC from Ostium's OLP vault was stolen, with attackers converting the funds to roughly 12,100 ETH, of which approximately 10,500 ETH has been transferred to Tornado Cash. The team is coordinating with relevant authorities and security researchers on contract recovery and fund recovery timelines.