Cetus, Sui Network’s Biggest DEX and Liquidity Provider, Loses $260M in Hack

Cetus, Sui Network’s Biggest DEX and Liquidity Provider, Loses $260M in Hack

Cetus Protocol, the largest decentralized exchange (DEX) and liquidity provider on the Sui network, has been drained of $260 million worth of tokens in an apparent hack, according to crypto sleuth Lookonchain.The wallet tied to the Cetus Protocol exploit — 0xe28b50 — currently holds over 12.9 million SUI, valued at approximately $54 million at current prices.On-chain data shows the address has a net worth exceeding 32.9 million SUI (approximatel…

Massive Cetus DEX Exploit: Settlement Offered In Urgent Fund Recovery Push

BitcoinWorld Massive Cetus DEX Exploit: Settlement Offered in Urgent Fund Recovery Push The world of decentralized finance (DeFi) can be incredibly innovative, offering exciting opportunities, but it also comes with inherent risks. One such risk recently materialized for users of Cetus DEX, a prominent decentralized exchange operating on the Sui blockchain. The platform confirmed a significant exploit, resulting in a staggering loss of approxima…

Cetus Protocol on Sui Network Hacked and Prices Tank: Everything You Need To Know

Cetus Protocol, a leading DEX on the Sui Network, has been hacked, losing at least $200 million. CETUS, SUI, and Sui network meme coins crashed as a result. Here’s everything you need to know about the Cetus Protocol hack. There’s always a first for everything. Ethereum faced a hard fork barely a year after launching. While not a hack, the damage and controversy impacted Ethereum, causing splits in blockchain ideology. Cetus Protocol Hacked Laun…

Hacker Steals $200 Million in Cetus Protocol Exploit on Sui Network

Cetus Protocol on the Sui Network was exploited, losing $200 million. The hacker converted assets to USDC, impacting token prices and trading.

Sui validators freeze majority of stolen funds in $220M Cetus hack - WorldNL Magazine

The Cetus team is working with other stakeholders in the Sui ecosystem to freeze and recover all the stolen funds from the recent hack. Cetus, a decentralized crypto exchange (DEX) built atop the Sui blockchain network, said $162 million of over $220 million stolen in a May 22 hack has been frozen.According to the Cetus team, the DEX is working with the Sui Foundation and other entities within the ecosystem to recover the remainder of the funds.…

$162 million of committed funds were frozen