Cetus decentralized trading floor on Blockchain Sui has just experienced a serious attack, with a total damage estimated at 220–230 million USD.  According to Sui's CPO - @emanabio, about 150–160 million USD among the stolen property has been frozen and will soon be returned to Cetus's pools.  The original cause was determined by the error in Smart Contract.

 On-chain data from Hacken security company shows that at least $ 63 million has been transferred to Ethereum, including a large trading of 20,000 ETH.  Trading volume on Cetus on May 22 suddenly soared to 2.9 billion USD, most likely due to hackers withdrawal of mass assets.

 The coal ecosystem is also heavily influenced when many tokens decrease over 75%, some like axol plunge nearly 99.5%.  Scallop loan protocol has to temporarily suspend all loans to control risks.  Currently, Cetus has paused Smart Contract and is working with related parties to investigate the case.

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