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Cetus Protocol Offers White Hat Deal After $223M DEX Exploit
Cetus Protocol Offers White Hat Deal After $223M DEX Exploit
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Cetus Protocol, the primary liquidity provider for Sui blockchain, has confirmed losses totaling $223 million from 46 exploited liquidity pairs. The breach affected its decentralized exchange (DEX) pools, with stolen funds traced to both Sui and ethereum networks.
The team extended a time-sensitive WHITE hat offer to the unidentified hacker, proposing amnesty in exchange for returning the Ethereum-bridged assets. ’We’ve engaged broader ecosystem partners,’ read a fragment of the team’s community update, suggesting coordinated recovery efforts are underway.
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