Oracle Exploit
An oracle exploit occurs when attackers manipulate or compromise decentralized oracle services, which feed external data to smart contracts, leading to incorrect pricing or execution of on-chain transactions.
Ostium Halts Trading Amid Multimillion-Dollar Oracle Exploit Investigation
Decentralized exchange Ostium has paused all trading operations following reports of a significant oracle exploit affecting its liquidity vault. Initial estimates place the losses between $18 million and $22 million, prompting urgent security reviews and advice for users to revoke contract approvals.
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