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DeFi exploit wave 2026Update 24 of 27
Ostium Relaunches After $24M Exploit

Ostium DEX Reopens Trading After $23.8 Million Oracle Exploit

Unverified — auto-generated summary, not yet reviewedPerp DEXJul 23, 2026

A relentless wave of DeFi exploits—spanning smart contracts, oracles, bridges, and layer-2 networks—is setting record losses and forcing emergency responses across the crypto ecosystem.

Ostium announced it would reopen trading on July 23 following the $23.75–$23.8 million oracle manipulation exploit confirmed in prior periods, with a recovery plan for affected liquidity providers under development. Separate reporting clarified the exploit drained funds through Ostium directly and was not a hack of the Arbitrum bridge.

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