🚨 URGENT ALERT: Cetus DEX on Sui Blockchain Hit by Suspected Exploit - Over $200M at Risk! 🚨
Reports are emerging that Cetus Protocol, a major decentralized exchange (DEX) on the Sui blockchain, has suffered a massive exploit, potentially leading to losses exceeding $200 million.
Key Details:
Massive Fund Drain: On-chain monitoring tools confirm at least $63M already bridged to Ethereum, with 20K ETH transferred to a new wallet in a single transaction.
Token Collapse: Several tokens listed on Cetus, including LBTC and AXOL, have lost over 75% of their value in the last 24 hours.
Unusual Activity: Cetus processed an astonishing $2.9 billion in transactions on May 22, a huge jump from $320 million the day before, suggesting a siphoning of funds.
Protocol Paused: Cetus has officially confirmed an incident and paused its smart contracts for safety, with an investigation underway.
Sui Team Responds: The Sui team is actively supporting the Cetus investigation.
This is a developing situation. Users are advised to exercise extreme caution. Always verify information from official sources and consider the risks associated with DeFi protocols.
Stay tuned for official updates from Cetus Protocol and the Sui Foundation.
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