&>]J'*Q6'$?F~{1C;:CC$}J%,L67C$
SYSTEM PROCESSING...
&>]J'*Q6'$?F~{1C;:CC$}J%,L67C$
SYSTEM PROCESSING...
Posted: 2025-05-23 00:36:29 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-23 00:36:57 UTC
Verified By
Rollup News
Cetus Protocol, the main LP provider on the Sui Network, experienced an exploit resulting in the drainage of over $200M in liquidity. The team claims it was due to a bug in the oracle, not a hack, and is working with Mysten Labs to resolve the issue. Tokens paired with SUI are collapsing, with most down 70-90%. The exploiter is reportedly converting the stolen funds into ETH and laundering them through Tornado Cash. Cetus Protocol confirmed that an attacker drained approximately $223M liquidity pools and $162M of the stolen funds have already been frozen.
Loss of over $200M in liquidity from Cetus Protocol on Sui Network
Collapse of tokens paired with SUI, with losses of 70-90%
Potential laundering of stolen funds through Tornado Cash
Cetus Protocol confirms $223M drained, $162M frozen
Identifying and fixing the bug in the oracle
Recovering the stolen funds
Preventing further exploitation
Restoring confidence in the Sui Network ecosystem