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The decentralized exchange CETUS, built on the SUI blockchain, has suffered a major exploit. ➡️Over $11 million in SUI tokens were drained from the SUI/USDC liquidity pool. ➡️Token prices have plummeted by 75%+, and the pool is nearly completely emptied. ➡️An investigation is currently underway.
🚨Update: Cetus Protocol confirmed a $223M exploit. ➡️Immediate action was taken to lock contracts and halt further theft. ➡️$162M in funds successfully paused ➡️Ongoing collaboration with Sui Foundation & ecosystem partners
FTX begins repaying $16 BILLION to creditors on Jan 3, 2025!
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