Update: Cetus has stated that the loss currently stands at $223 million.
“As of earlier today, we have confirmed that an attacker has stolen approximately $223M from Cetus Protocol.
We have took immediate action to lock our contract preventing further theft of funds. $162M of the compromised funds have been successfully paused.
We are working with the Sui Foundation and other ecosystem members right now on next-step solutions, with the goal of recovering the remaining stolen funds.“
Cetus Protocol, a decentralized exchange (DEX) operating on the Sui Network, has suspended its smart contract operations after a serious security breach.
The platform confirmed the exploit on May 22 through its official X account, noting that the shutdown was necessary to prevent further fund loss, stating,
“Alert Announcement
There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A fur
We współpracy z: https://cryptoslate.com/sui-based-cetus-protocol-suspends-operations-following-260-million-oracle-exploit/
