CryptoProInsight
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CETUS UPDATE- May 22, 2025
As of 7:08 PM today, Cetus Protocol, a leading decentralized exchange (DEX) on the Sui network, is facing significant challenges. The CETUS token price has dropped to 0.1714 USDT, marking a 16.1% decline in the last 24 hours after reaching a high of 0.2572 USDT earlier. This sharp fall coincides with reports of a major incident affecting the platform.
Cetus has paused its smart contracts and halted trading due to a massive liquidity drain, with some sources estimating losses around $260 million. There are conflicting reports on the cause: some suggest a sophisticated exploit involving spoof token swaps and manipulation of liquidity pools, while the Cetus team claims it’s a bug in their oracle system rather than a hack. The investigation is ongoing, and the team has promised a detailed statement soon.
The Sui DeFi ecosystem is feeling the impact, with several liquidity pool tokens on Cetus reportedly dropping by up to 80%. Market sentiment is cautious, as reflected in the high trading volume and price volatility. Stay tuned for further updates as the situation develops, and exercise caution if you’re holding or trading CETUS.
#BinanceAlphaAlert #cetus
As of 7:08 PM today, Cetus Protocol, a leading decentralized exchange (DEX) on the Sui network, is facing significant challenges. The CETUS token price has dropped to 0.1714 USDT, marking a 16.1% decline in the last 24 hours after reaching a high of 0.2572 USDT earlier. This sharp fall coincides with reports of a major incident affecting the platform.
Cetus has paused its smart contracts and halted trading due to a massive liquidity drain, with some sources estimating losses around $260 million. There are conflicting reports on the cause: some suggest a sophisticated exploit involving spoof token swaps and manipulation of liquidity pools, while the Cetus team claims it’s a bug in their oracle system rather than a hack. The investigation is ongoing, and the team has promised a detailed statement soon.
The Sui DeFi ecosystem is feeling the impact, with several liquidity pool tokens on Cetus reportedly dropping by up to 80%. Market sentiment is cautious, as reflected in the high trading volume and price volatility. Stay tuned for further updates as the situation develops, and exercise caution if you’re holding or trading CETUS.
#BinanceAlphaAlert #cetus
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SUI
3.6609
-4.86%
CETUS
0.1616
+0.12%
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