New York Federal Court Hears $15M Loan Dispute Against Ostium

The case matters less for the sum than for where it sits: a lending dispute over a protocol that had already suffered an exploit, now landing in a New York federal court with a request to freeze assets and compel arbitration. That combination tests how off-chain credit arrangements tied to on-chain venues get resolved when the venue itself is under stress, and it puts counterparty risk between lenders and DeFi operators back in focus. Whether the court grants the asset freeze, and whether the dispute actually moves to arbitration, is the open question.