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SUI Liquidity Provider Cetus Temporarily Halts Contracts After $11M Oracle Bug Incident
SUI Liquidity Provider Cetus Temporarily Halts Contracts After $11M Oracle Bug Incident
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Cetus, a liquidity provider on the sui blockchain, temporarily paused its smart contracts following an incident that drained roughly $11 million worth of SUI tokens from its liquidity pool. The team attributed the loss to an oracle bug rather than a malicious exploit, though traders reacted with panic as news spread.
Investigations are ongoing, with the protocol promising a detailed statement soon. The pause aims to prevent further losses while the root cause is determined. Market participants await clarity on whether this was a technical flaw or a systemic vulnerability in Sui’s DeFi infrastructure.
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