Cetus Protocol attack: how hackers managed to steal $223 million
On May 22, hackers found a vulnerability in the business logic of the Cetus protocol smart contract targeting CLMM pools Cetus is the largest decentralized exchange (DEX) on the Sui blockchain and the largest liquidity aggregator on the network. Due to the bug found cybercriminals managed to extract $223 million from Cetus Protocol. This led…
Hackers stole $223 million from Cetus Protocol due to a bug
Yesterday, hackers took advantage of a business logic error in the Cetus Protocol, which allowed them to steal $223 million worth of tokens. Cetus Protocol is one of the largest liquidity providers on the Sui blockchain. As a result of the attack, the liquidity pools were almost emptied. The SUI network token itself and the coins operating on it…
Cetus protocol on SUI hacked: network tokens collapsed, USDC stablecoin lost its peg to the dollar
The largest liquidity aggregator in SUI blockchain network called Cetus, which is focused on the Move ecosystem, has fallen victim to a hacker attack. The attackers have already managed to withdraw assets worth $11 million. This provoked the collapse of most tokens operating on the SUI. Trading is effectively stopped, as liquidity pools have been…
Sui’s value jumped sharply thanks to a deal with Trump’s World Liberty Financial
The native Sui (SUI) blockchain token has risen to $2.81 (+11.23%) on March 6 on the back of the announcement of an agreement on a decentralized financial protocol World Liberty Financial (WLFI), which is being promoted by Donald Trump. Thus, SUI became the best performing asset in the CoinDesk 20 market index.
By the end of 2025, SUI will cost $16, APT — $22: VanEck forecast
Investment company VanEck has published a detailed analysis of two blockchain platforms — Sui and Aptos. Both networks were created by former developers of of the Diem project by Facebook, which aimed to create a stablecoin for the social network.
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