$230𝗠 𝗗𝗲𝗙𝗶 𝗘𝘅𝗽𝗹𝗼𝗶𝘁 𝗦𝗵𝗮𝗸𝗲𝘀 𝗦𝗨𝗜 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 DeFi Hack Shakes SUI with $230 Million Loss!

On May 22, Cetus on #SUI was hacked due to a math bug in checked_shlw.

Liquidity pools drained. Smart contracts paused. SUI price dipped slightly.

On May 22, a vulnerability in a mathematical function allowed the hacking of Cetus and a massive loss.

Smart contracts were temporarily suspended.

Why It Matters?

DeFi’s power = freedom

DeFi’s risk = unchecked code

Decentralization is power… but unsafe code is a serious vulnerability!

#Cetus #DeFi #SmartContracts #CryptoSecurity @Nohawn

(Disclaimer: Not financial advice | Not financial advice)