Ostium Launches OLP Recovery Portal, 90.59% of Affected Wallets Eligible for Full Compensation

BlockBeats news, September 30: Ostium released an update on OLP fund recovery, stating that a multi-vector attack on July 15 compromised the platform's off-chain pricing and signing infrastructure, with approximately $23.75 million withdrawn from the Ostium liquidity pool. Available evidence suggests the attacker may be a nation-state actor. The platform resumed trading on July 23 on migrated and hardened infrastructure, and has so far recovered 649,967 USDC.

OLP completed its first post-incident settlement on September 12, reflecting the related losses in the share price for the first time. Affected users still hold a proportional share of the pool's remaining assets, currently valued at approximately 30% of their pre-incident OLP holdings. OLP resumed regular settlements starting September 15, new deposits remain paused, and users can request withdrawals at any time with settlement completed on a T+3 basis; withdrawals will not affect eligibility to participate in the recovery plan.

The Ostium recovery portal is now live. The snapshot identified a total of 3,666 affected wallets, of which 3,321 wallets, or 90.59%, are eligible in Phase 1 to receive 100% compensation for verified losses. Users with losses of no more than 1,000 USDC can directly claim an equivalent amount in USDC; users with losses exceeding 1,000 USDC may choose to claim 1,000 USDC and forfeit the remaining amount, or participate in the Phase 2 proportional recovery plan. Phase 2 funding will come from subsequent recovered assets, a share of Ostium protocol revenue, and other benefits that may be offered, with specific details to be announced before the October 30 selection deadline.