$CETUS

THE LARGEST ALTCOIN OF SUI

*MAJOR CYBER ATTACK ON CETUS PROTOCOL’S LIQUIDITY POOLS

SIGNIFICANT LOSS!**

Cetus Protocol is known as one of the leading decentralized exchanges in the Sui ecosystem, and it has recently become the target of a major cyber attack. Initial on-chain analyses showed that a large amount of assets was withdrawn from many liquidity pools on the platform, dealing a serious blow to trading operations.

💧**Effects of the Attack:**

Some tokens on Cetus Protocol experienced a value loss of up to 80% following the attack, while the CETUS token **fell to $0.1448**. It then showed a slight recovery, rising to **$0.1706, but lost 16% of its value in the last 24 hours**.

💧**Measures Taken by the Cetus Team:**

The platform team quickly took some security measures after the attack:

- **Trading Paused:** Trading functionality on the platform was temporarily disabled for the protection of users.

- **Smart Contracts Under Review:** While investigating the cause of the attack, the security of smart contracts is being enhanced.

- **Community Support:** The Cetus team is working on various solutions to provide support to affected users.

- **Future Plans:** The platform aims to develop new security protocols to prevent similar attacks.

The incident is expected to resonate significantly in the industry and bring security discussions regarding the decentralized finance ecosystem back to the forefront. The Cetus team continues to maintain a transparent approach to share the full details of the attack and reassure users.