coin-img-ETHETH+3.19%coin-img-BTCBTC+0.98%coin-img-SOLSOL+1.11%coin-img-XRPXRP+1.43%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+4.39%coin-img-TRXTRX-0.18%coin-img-DOGEDOGE-0.32%coin-img-ETHETH+3.19%coin-img-BTCBTC+0.98%coin-img-SOLSOL+1.11%coin-img-XRPXRP+1.43%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+4.39%coin-img-TRXTRX-0.18%coin-img-DOGEDOGE-0.32%coin-img-ETHETH+3.19%coin-img-BTCBTC+0.98%coin-img-SOLSOL+1.11%coin-img-XRPXRP+1.43%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+4.39%coin-img-TRXTRX-0.18%coin-img-DOGEDOGE-0.32%coin-img-ETHETH+3.19%coin-img-BTCBTC+0.98%coin-img-SOLSOL+1.11%coin-img-XRPXRP+1.43%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+4.39%coin-img-TRXTRX-0.18%coin-img-DOGEDOGE-0.32%

Wallet exploits Ostium perp DEX flaw, nets 23.75M USDC and swaps into 12,085 ETH

AI Market Summary
An alleged exploit of Perp DEX Ostium reportedly generated 23.75M USDC, which was bridged to Arbitrum and swapped into 12,085 ETH (~$23.75M). The incident raises immediate smart-contract and counterparty-risk concerns for Perp DEX venues and may pressure ETH liquidity on Arbitrum if funds move again. Near-term focus shifts to potential clawbacks, blacklisting, and contagion risk across related DeFi integrations.
Impact level
● High
Affected assets
ETH/USDT+3.00%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Odaily Planet Daily reported that on-chain analyst Yujin flagged an exploit involving DeBank user musti_akrep (0x321...bfd9). Around 90 minutes ago, the address allegedly took advantage of a vulnerability on the perpetual DEX Ostium, realizing a profit of 23.75 million USDC before withdrawing the funds. The 23.75 million USDC was moved to Arbitrum and quickly exchanged for 12,085 ETH at an average price of $1,965. The 12,085 ETH is currently still held on Arbitrum.
Selected
USDC
USDC+0.02%
ETH
ETH+3.34%
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