New York federal court to hear $15 million loan dispute involving Ostium

A New York federal court is scheduled to hear a $15 million loan dispute today involving the on-chain perpetual futures exchange Ostium, according to court documents cited by The Block. The exchange previously suffered a $23.75 million loss during an attack in July. Plaintiffs ESS Frontier and Hong Kong-based lender Minghui Zheng filed a lawsuit earlier this month, seeking to freeze the exchange's assets and compel arbitration.