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Arbitrum bridge not hacked as $24M exploit drains Ostium DEX through oracle manipulation

Crypto Briefing 2026-07-22 23:35:23
Context: A $24 million exploit was carried out on Ostium DEX, a decentralized exchange, through the manipulation of a compromised oracle key. This incident led to a 4% decline in the value of ARB, the native cryptocurrency of Arbitrum. The exploit did not involve a hack of Arbitrum's native bridge.

Key Facts

  • The exploit on Ostium DEX resulted in a loss of $24 million, which was made possible by the manipulation of a compromised oracle key used by the platform.
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