Ostium to resume trading on July 23 after hack probe

Ostium, a decentralized tokenized asset perpetual futures platform on Arbitrum, announced it will resume all trading at 2:00 p.m. UTC on July 23 after suspending operations to investigate a hacking incident that occurred last week. Immediately after trading resumes, risk-management functions and reduce-only orders will be activated first, with all features set to be restored in stages. Earlier, blockchain security firm Blockaid said Ostium appeared to have suffered a vault attack, with estimated losses of about $18 million. Ostium had also said it was investigating the compromised vault and halting all trading functions.