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$223 Million Drain on Sui’s Cetus Protocol Raises Ugly Questions About ‘Decentralization’
$223 Million Drain on Sui’s Cetus Protocol Raises Ugly Questions About ‘Decentralization’
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Sui’s flagship DEX just got rocked by a nine-figure exploit—and the chain’s true decentralization is suddenly under a microscope.
When the code bleeds: Cetus Protocol’s smart contract flaw let attackers walk off with enough cash to buy a private island. Now the ‘decentralized’ Sui ecosystem faces its first real stress test—and the usual parade of ‘nothing to see here’ tweets from bagholders.
Finance jab: At least traditional banks wait until quarterly earnings to lose your money.
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