Ostium is live OLP recovery portal, 90.59%affected wallets eligible for full compensation

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BlockBeats news,September 30，Ostium published OLP the fund recovery update, stating that July 15 multiple attacks that occurred disrupted the platform's off-chain pricing and signing infrastructure, with approximately 23750000 USD withdrawn from Ostium liquidity pools. Existing evidence indicates that the attacker may be a state-level actor. The platform resumed trading on July 23 on migrated and hardened infrastructure, and has currently recovered 649,967 USDC。

OLP completed the first settlement following the incident, reflecting the relevant losses in the share price for the first time. Affected users continue to hold the remaining assets in the fund pool pro rata, currently valued at approximately September 12 OLP of their pre-incident 30%。OLP Regular settlement resumed from September 15 onward. New deposits remain suspended, while users may request withdrawals at any time, with settlement completed on a T+3 basis; withdrawals will not affect eligibility to participate in the recovery plan.Ostium The recovery portal is now live. The snapshot identified 3666 affected wallets, of which 3321 wallets, representing 90.59%of verified losses, can receive 100%compensation in Phase One. Users whose losses do not exceed 1000 USDC can directly claim an equal amount of USDC Users whose losses exceed 1000 USDC may choose to claim 1000 USDC and forgo the remaining amount, or participate in the Phase Two pro rata recovery plan. Phase Two funding will come from subsequently recovered assets,Ostium protocol revenue sharing and other benefits that may be provided. Specific details will be announced before the October 30 selection deadline.

Original link https://m.theblockbeats.info/flash/369816

Key points

July 15, with multiple attacks disrupting the Ostium off-chain pricing and signing infrastructure.
approximately 23750000 USD withdrawn from Ostium liquidity pools, with existing evidence indicating that the attacker may be a state-level actor.
Ostium resumed trading on July 23 on migrated and hardened infrastructure, and has currently recovered 649967 USDC。
The snapshot identified 3666 affected wallets, of which 3321 wallets, representing 90.59%of verified losses, can receive 100%in Phase One.
Users whose losses do not exceed 1000 USDC can directly claim an equal amount of USDC; users whose losses exceed 1000 USDC may choose to claim 1000 USDC and forgo the remaining amount, or participate in the Phase Two pro rata recovery plan.
OLP New deposits remain suspended, while users may request withdrawals and settle on a T+3 basis.
Phase Two funding will come from subsequently recovered assets,Ostium protocol revenue sharing and other benefits that may be provided. Specific details will be announced before the October 30 selection deadline.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a recovery arrangement for users affected by the attack. Eligible wallets can claim Phase One compensation based on verified losses; users with larger losses can also wait for the Phase Two pro rata recovery plan.

Why it matters to readers

It states that Ostium the number of affected wallets, the Phase One compensation scope, and subsequent recovery arrangements have been announced, but some users' remaining losses still depend on assets recovered in the future and other funding sources.

If you hold affected OLP fund pool shares, you should monitor the recovery portal, withdrawal settlement, compensation claim rules, and October 30 Phase Two details announced before the deadline.

Risks and unknowns

The view that the attacker may be a state-level actor remains based on existing evidence and has not been definitively confirmed.
Specific details of Phase Two have not yet been announced.
It remains uncertain whether subsequently recovered assets, protocol revenue sharing, and other funding will be sufficient to cover the remaining losses.
The actual progress of Phase One compensation claims has not been stated in the evidence.

Ostium is live OLP recovery portal, 90.59%affected wallets eligible for full compensation

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