[Important Update for You Using Cetus] 🚨

Today @CetusProtocol experienced an incident:

A hacker successfully exploited a bug and caused significant losses.

📉 The total affected funds amount to $220 million.

But don't worry...

✅ A total of $160 million has been frozen and is planned to be returned to liquidity providers (LP) soon.

🔧 The remaining $60 million is still in the recovery process, the Cetus team is working with developers from @SuiNetwork to address it.

🔒 Important: @SuiNetwork is safe, this exploit only occurred in the Cetus protocol.

🛠 The bug has been fixed and trading on Cetus is back to normal.

An important message for all of us:

DeFi is powerful, but also risky. Always make sure you understand the risks and secure your assets. 🙏