#eviteGolpes Hack on Cetus, DEX of SUI, drains over US$ 260 million from liquidity pools

The Cetus Protocol, one of the main decentralized platforms on the Sui network, suffered a severe hacking attack this Thursday (22). According to reports, the breach drained over US$ 260 million from the liquidity pools.

Ongoing investigations revealed that approximately US$ 11 million in SUI was withdrawn from the SUI/USDC pool. Immediately after the breach, the price of SUI plummeted by about 7%, dropping from US$ 4.2 to US$ 3.9, according to data from CoinGecko. Additionally, several liquidity tokens on Cetus collapsed by up to 80% due to the mass capital flight.

After identifying the incident, the Cetus team suspended the smart contract and declared that they are investigating the attack, promising to update the community on the situation. The Sui Foundation also made a statement, informing that it is directly collaborating with Cetus to assess the extent of the damage.

Subsequently, the finance director of SUI stated that US$ 160 million of the over US$ 220 million stolen have been frozen and will be returned to the Cetus pools soon.