Sui DEX Cetus Hit by $200M Exploit, Smart Contract Paused

Cetus, a decentralized exchange operating on the Sui blockchain, is at the center of a suspected exploit that may have resulted in the loss of over $200 million in digital assets. On-chain data and cybersecurity experts suggest that the breach, which began unfolding on May 22, could be one of the most severe security incidents to hit a Sui-based platform. The alarm was initially raised by pseudonymous Web3 researcher COMDARE3, who report...

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