Ostium opens recovery portal for 3,666 wallets after $23.75 million exploit

  • Ostium opened a recovery portal for 3,666 wallets affected by its July exploit.
  • Ostium will fully repay 3,321 wallets and initially allocated 649,967.554552 USDC.
  • 345 larger claimants must choose a 1,000 USDC payment or future recovery rights by October 30.

Ostium opened a recovery portal for 3,666 wallets affected by the July 15 drain of its Ostium Liquidity Pool, confirming losses of 23,752,746 USDC. The protocol has initially allocated 649,967.554552 USDC, described as all funds recovered in connection with the incident as of publication. It will repay 3,321 wallets with verified losses of $1,000 or less in full, while 345 larger claimants must elect by October 30 between a fixed 1,000 USDC payment and a pro-rata entitlement to future recoveries. Ostium does not guarantee payments beyond the smaller-wallet entitlements. Eligibility and loss amounts were fixed at Arbitrum block 484,137,016 and recorded in a Merkle tree. The recovery plan follows an attack on Ostium's off-chain pricing and signing infrastructure that enabled manipulated BTC-USD prices and drained the liquidity vault. Ostium separately faces New York litigation seeking to compel arbitration over an alleged $15 million loan default.

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