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SUI-Based DEX Cetus Suffers $11M Exploit — Token Values Plummet 75%
SUI-Based DEX Cetus Suffers $11M Exploit — Token Values Plummet 75%
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Cetus, a leading decentralized exchange on the sui blockchain, was hacked for $11 million in a security exploit. The attacker focused on the SUI/USDC liquidity pool, causing a 75% drop in token values and nearly draining the pool entirely.
Trading on the platform has been significantly disrupted. Cetus acknowledged the breach and initiated an investigation, advising users to proceed with caution. This incident highlights ongoing vulnerabilities in decentralized finance protocols.
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