Ostium hacker launders 10,540 ETH via Tornado Cash after $24M USDC theft

AI Market Summary

Ostium's public OLP vault exploit reportedly led to ~$24M in USDC theft, with proceeds swapped into ~12,080 ETH and ~10,540 ETH routed to Tornado Cash. The incident reinforces smart-contract and custody risk for DeFi liquidity vaults and can weigh on near-term risk appetite across on-chain markets. Tornado Cash usage highlights elevated compliance and counterparty concerns for ETH-linked flows.

Impact level

● Medium

Affected assets

ETH/USDT+2.58%

AI Insight · ETH/USDTAI Insight

▼ Bearish

Trade now

⚠️ 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 cited PeckShield Alert as saying the public OLP vault of decentralized exchange Ostium was exploited, with about $24 million worth of USDC stolen. On-chain data later indicated the attacker swapped the USDC for roughly 12,080 ETH, then sent around 10,540 ETH into Tornado Cash.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.