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Sui’s Cetus DEX Exploited—$260M Vanishes in Latest Crypto Heist
Sui’s Cetus DEX Exploited—$260M Vanishes in Latest Crypto Heist
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Another day, another decentralized exchange gets raided. This time, it’s Sui’s Cetus DEX in the crosshairs—$260 million evaporated faster than a meme coin’s liquidity.
How’d they pull it off? Details are still murky, but the exploit follows the usual script: flash loans, price oracle manipulation, or maybe just good old-fashioned code oversight. The blockchain never forgets—but it sure gets drained a lot.
While the ’trustless’ evangelists scramble for explanations, TradFi bankers are already sharpening their ’told-you-so’ knives. Meanwhile, that $260M? Probably funding someone’s private island—complete with a tokenized sunset-view NFT.
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