🚨 Urgent Update: The Cetus platform issues an official statement regarding the breach
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Content of the official statement:
A security breach affecting liquidity pools has been confirmed, particularly SUI/USDC
Cetus is currently working with chain partners to trace and recover the funds
$160 million has been frozen out of more than $220 million that was stolen
The team reaffirms its full commitment to transparency in the investigation and to returning liquidity to affected users
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Actions taken:
Temporary halt to all withdrawals and deposits in the affected pools
Direct coordination with trading platforms and the Sui network to trace the movement of funds
A compensation plan will be announced soon after the completion of the full investigation
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Impact:
Token prices on Cetus have dropped by more than 75% after the breach
The recovery of a large portion of the funds has restored some confidence in the market
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Question for the community:
Do you think Cetus has handled the crisis with transparency and effectiveness? Will the platform regain users' trust?
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