Ostium to Notify Users 24 Hours Before Restart

Ostium's RWA trading platform on Arbitrum was attacked on July 15, with hackers breaching the off-chain infrastructure related to the protocol's pricing system, resulting in total losses exceeding $23.75 million. Currently, Ostium is collaborating with Mandiant, zeroShadow, Collisionless, and SEAL 911, as well as law enforcement, to coordinate with exchanges, bridges, and stablecoin issuers. Ostium stated that all engineering efforts are focused on isolating and reinforcing the necessary infrastructure to ensure a secure restart. Ostium will issue a notification at least 24 hours before unfreezing trading contracts, and after reopening, traders' positions will be marked at the price at the time of reopening, unaffected by price fluctuations during the interim.

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