Update (May 22, 2025, 1:27 pm UTC): Hacken.Cetus, a decentralized exchange (DEX) on the Sui blockchain, is believed to have suffered a significant exploit potentially draining over $200 million in digital assets. Reports indicate that Cetus users noticed the exploit, with assets losing more than half their value in 24 hours. Extractor, a monitoring tool by Hacken, confirmed $63 million bridged to Ethereum and 20,000 ETH transferred to a new wallet in a single transaction. Cetus processed $2.9 billion in transactions on May 22, a sharp increase from $320 million the day before. The exploit led to Cetus halting operations, impacting tokens like LBTC and AXOL. The alleged exploiter moved millions in various assets. Concerns about transparency have been raised by compliance firms. Onchain Lens reported the attacker taking control of SUI pools and moving USDC. Read more AI-generated news on: https://app.chaingpt.org/news

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