INCIDENT UPDATE : Cetus Protocol suffered a substantial liquidity drain, with estimates of losses ranging from $220 million to $260 million. The platform’s smart contracts were paused for safety on May 22, 2025, as the team investigates. Initial claims suggest either a hack involving spoof token manipulation or a bug in the oracle system. The team has since reported that $160 million of the compromised funds have been frozen and will be returned to liquidity providers, with efforts ongoing to recover the remaining $60 million. Trading has resumed, but the situation remains unstable.

#BTCBreaksATH110K #Cetus #scamriskwarning