$CETUS Protocol, the largest #DEX on the Sui network, suffered a massive security breach, losing over $200โ$260 million in assets.
The attacker exploited vulnerabilities using fake tokens to manipulate price curves and drain liquidity pools, extracting real assets like SUI and USDC.
$CETUS token price crashed by up to 80% during the incident, later stabilizing around $0.17.
All smart contracts on Cetus have been paused for safety while the team investigates and prepares a detailed statement.
The exploit has caused widespread panic and halted trading across the #Sui #DeFi ecosystem, affecting other projects and tokens.
#Binance and other industry players have offered technical support to help contain the situation
The attacker exploited vulnerabilities using fake tokens to manipulate price curves and drain liquidity pools, extracting real assets like SUI and USDC.
$CETUS token price crashed by up to 80% during the incident, later stabilizing around $0.17.
All smart contracts on Cetus have been paused for safety while the team investigates and prepares a detailed statement.
The exploit has caused widespread panic and halted trading across the #Sui #DeFi ecosystem, affecting other projects and tokens.
#Binance and other industry players have offered technical support to help contain the situation
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SUI
3.8817
-6.65%