๐น๐จโ ๏ธ MASSIVE HACK ALERT! ๐จโ ๏ธ๐น
Cetus Protocol, a major decentralized exchange (DEX) and liquidity provider on the Sui blockchain, has reportedly been rocked by a colossal hack on May 22, 2025! ๐ฑ Cybercriminals are suspected to have drained over $200 million, with some reports claiming losses up to $260 million! ๐ธ๐ธ
The attackers allegedly exploited vulnerabilities by manipulating price curves and liquidity pools using spoof tokens. ๐ This devastating blow caused several Sui-based tokens to plummet dramatically and forced Cetus to pause its smart contracts. ๐ฅถ
What are they?
Cetus Protocol (CETUS): ๐ณ A key platform for trading and providing liquidity on Sui and Aptos, known for its concentrated liquidity model.
Sui (SUI): ๐ง A relatively new Layer 1 blockchain designed for high speed, scalability, and low transaction fees, utilizing the Move programming language.
Authorities and the Cetus team are actively investigating this major security breach. ๐ต๏ธโโ๏ธ Users are urged to exercise extreme caution and stay updated on official announcements. Your funds could be at risk! ๐๐ฐ
