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Sui Network’s Decentralization Challenged by $220M Cetus DEX Exploit
Sui Network’s Decentralization Challenged by $220M Cetus DEX Exploit
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Sui’s ecosystem faces its first major security crisis as Cetus, the network’s largest decentralized exchange, suffers a $223 million exploit. The attack exploited flawed smart contract math rather than fundamental weaknesses in Sui’s MOVE language or consensus mechanism.
Attackers manipulated liquidity pools by injecting near-valueless assets, then withdrawing substantial amounts of SUI and USDC. The incident raises pressing questions about validator oversight and reactive governance in young LAYER 1 networks.
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