The largest DEX platform on the SUI network was hacked and CZ intervenes for help
The Cetus platform, the largest decentralized trading platform on the SUI network, has suffered a massive hack!
Initial reports indicate that the hack occurred due to a vulnerability in the smart contracts that was exploited severely.
Currently, Cetus has temporarily suspended the smart contracts, and the network $SUI itself has been clearly affected.
The situation has developed to the extent that CZ, the founder of Binance, announced direct support for the investigation.
Official updates are still ongoing… Follow me for more
