Cetus(@CetusProtocol) on #SUI was hacked and lost more than $260M!

The hacker is converting the stolen funds into $USDC and cross-chaining to #Ethereum to exchange for $ETH, with ~60M $USDC already cross-chained.

https://t.co/b0uGu8icXr
https://t.co/0BpKSaygmr https://t.co/txfxLoImOd

Lookonchain

Oh dear

https://x.com/lookonchain/status/1925520316044046809?s=46

Building /veil - ZK Privacy Protocol for Base

will be interesting to read the post mortem. Move is supposed to have guards against re-entrance attacks (from my understanding) and asset ownership is a first-class primitive as well. 

Without knowing anything else, that makes me think they messed up pretty badly.