SUI-Powered Cetus Protocol Suffers $260M Exploit – Security Investigation Launched
Cetus, a decentralized exchange (DEX) built on the Sui blockchain, has reportedly fallen victim to a massive exploit resulting in the loss of over $260 million. According to on-chain analytics platform Lookonchain, the attacker siphoned funds and quickly swapped them into USDC, bridging approximately $60 million to Ethereum where they were converted into ETH. Lookonchain […]
