Crypto DeFi Project Cetus Protocol Suffers Security Breach

Hacker Plunders $223,000,000 Worth of Crypto from Sui-Based Decentralized Exchange

The largest decentralized exchange (DEX) and liquidity protocol on the layer-1 blockchain Sui (SUI) is temporarily disabling its smart contracts following a major security breach. In a statement, Cetus Protocol confirms that a bad actor siphoned approximately $223 million worth of assets from the platform. The DEX says it has already taken measures to prevent... The post Hacker Plunders $223,000,000 Worth of Crypto from Sui-Based Decentralized E…

Major Breach Hits Sui Ecosystem: Cetus DEX Drained of Over $200M; Negotiations Underway

The Sui blockchain ecosystem has been rocked by a massive security breach, with Cetus Protocol, its largest decentralized exchange (DEX) and liquidity provider, confirming an exploit that has reportedly resulted in over $200 million in drained funds. 🚨ANNOUNCEMENT As of earlier today, we have confirmed that an attacker has stolen approximately $223M from Cetus Protocol. We have took immediate action to lock our contract preventing further theft…

$223M Exploit Halts Cetus Protocol: Here’s What We Know

In the ever-volatile world of decentralized finance (DeFi), yet another major exploit has shaken investor confidence—this time with a staggering $223 million theft from Cetus Protocol, a key player in the Sui blockchain ecosystem. On May 22, Cetus announced an emergency pause of its smart contract following the detection of “an incident” impacting the protocol. Within hours, the scope of the breach became alarmingly clear: attackers had siphoned…

Cetus Protocol Offers $6M Bounty to Hacker After Exploit

In a statement posted late Thursday on X, Cetus confirmed it had identified the Ethereum wallet address tied to the attacker and was now engaged in negotiations to retrieve the stolen assets. The offer is described as time-sensitive and pertains specifically to the funds bridged to Ethereum during the exploit. “We have identified the Ethereum wallet address controlled by the hacker… and reached out to negotiate the return of customer funds,” the…

Crypto DeFi Project Cetus Protocol Suffers Security Breach

Cetus Protocol said it approximately $223 million (roughly Rs. 1,910 crore) in a security breach. The team is investigating the incident at the moment. The attacker exploited vulnerabilities in Cetus Protocol’s smart contracts, Deddy Lavid, CEO of blockchain security firm Cyvers.

Cetus Hack Drains $223M from Sui Network, Binance Steps In to Help

The post Cetus Hack Drains $223M from Sui Network, Binance Steps In to Help appeared first on Coinpedia Fintech News The Sui ecosystem faced a crisis yesterday after an exploit hit its top liquidity provider, Cetus. The attack drained over $200 million from the protocol, causing panic across the network. As a result, popular Sui memecoins like Lofi, Sudeng, and Squirtle saw their prices crash by 76%, 80%, and 97% within just an hour. The Cetus t…