Cetus Protocol Thwarts Hack, Engineers Swift Recovery—DeFi Drama Avoided
Security teams at Cetus Protocol just pulled off a crypto heist reversal worthy of a Hollywood script—attackers breached, funds were threatened, and then… plot twist: the white hats won.
How it happened: Real-time monitoring caught anomalous transactions mid-drain. Validators froze suspicious addresses within minutes—old-school bankers wish they moved this fast during a run.
The fallout: Zero user losses (take notes, CeFi), though the token dipped 8% on panic sells before rebounding. Now the protocol’s boasting stronger audits than a Swiss bank—ironic, given most Swiss banks still think DeFi is a typo.
Why it matters: Every survived attack makes decentralized systems more bulletproof. Meanwhile, Wall Street’s still getting hacked via fax machines.
Cetus Protocol, a leading player in the sui blockchain’s DeFi world, faced a big challenge when the hackers embezzled funds from the platform but now it has started to recover. Recently, the Sui community came together and passed an Read More
