Another DeFi Exploit: Perp DEX Ostium Loses $18 Million in Oracle Attack

Hackers manipulated Ostium’s price feed by compromising an oracle signer key, allowing them to drain roughly $18 million from the Arbitrum-based perpetuals exchange. According to Decrypt, hackers manipulated ostium’s price feed by compromising an oracle signer key, allowing them to drain roughly $18 million from the arbitrum-based perpetuals exchange.. The development comes amid ongoing regulatory scrutiny in the sector. Decrypt reports that this marks a significant milestone for the industry. The Decrypt report provides additional context on the implications for market participants and regulatory frameworks moving forward.