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Home›Crypto›Market Structure›Ostium pauses trading after suspected $18 million vaul…

Ostium pauses trading after suspected $18 million vault exploit

Onchain data indicates the attacker converted USDC to ETH and dispersed funds across multiple wallets.

Reported · Written up by our desk · Market Structure

Ostium has paused trading following what appears to be an $18 million vault exploit, The Block reports.

According to onchain data cited by The Block, the attacker dispersed the stolen funds across multiple wallets after converting USDC into ETH.

The pause comes as investigators and observers monitor the movement of the converted assets and any further impact on the platform.

Latest closeEthereum $1,932.98 ▲2.3%

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Sources

The BlockOstium pauses trading after apparent $18 million vault exploit

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