Category: Smart Contract Scoop
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Cetus Hack Update: Sui Foundation To Back Full User Loss Recovery Plan
The Sui Foundation will provide a loan to Cetus to fully compensate users affected by a $223M hack. The recovery plan includes frozen funds and community voting, boosting CETUS and SUI token prices.
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Blockchain security firm releases Cetus hack post-mortem report
Dedaub’s report reveals the Cetus DEX hack exploited a liquidity parameter flaw, bypassing an overflow check, leading to $223M losses. Sui validators froze $163M, sparking decentralization debates.
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Sui Ecosystem Rocked by $200M ‘Oracle Manipulation Attack’ on Its Largest DEX – Decrypt
Sui’s largest DEX, Cetus Protocol, suffered a $200M oracle manipulation attack, draining liquidity pools. 46 tokens plummeted, with meme coins losing 76-97%. Attacker bridged $61.5M to Ethereum while investigations continue.
