The stolen funds were reportedly converted into 12,085 ETH, pointing to a fast post-exploit laundering move common in decentralized finance incidents.
Ostium, a perpetuals DEX (decentralized exchange for leveraged futures-like trading), appears to have been exploited for roughly $23 million. The stolen funds were already swapped into 12,085 ETH, indicating the attacker quickly consolidated assets into Ethereum’s native token, a common step after DeFi exploits as funds become easier to move across the crypto ecosystem. The report frames the incident as developing, with the apparent exploit size and the ETH conversion the key confirmed details so far.