CetusDrain

Cetus, one of the major liquidity provider on Sui network, has reportedly suffered a massive exploit. Around $11 million in SUI was drained from the SUI/USDC pool, causing most tokens tied to these pools to plummet by over 75% as liquidity was wiped out.

The Cetus team has paused all smart contracts and is investigating the incident, initially attributing the loss to an oracle bug rather than a direct hack. Trading and swaps on the platform are currently halted, and many tokens have seen price drops of up to 80% due to the liquidity drain.

Stay safe

#CetusDrain

$SUI

$CETUS The $SUI LP provider Cetus was hacked. Liquidity pools are being completely drained.
Be Aware ..
Dyor ,,
#Cetus
#CetusDrain
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