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2025-05-22 19:04:25
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crypto.news on Nostr: crypto.news ✍️ Cetus, a Sui-based liquidity provider, confirmed a hack that ...



✍️ Cetus, a Sui-based liquidity provider, confirmed a hack that resulted in $223 million in losses, with $162 million being safeguarded and the remaining funds being transferred to blacklisted wallets.
👉 Cetus confirmed a hack on May 22, resulting in $223 million in losses
👉 The protocol was able to safeguard $162 million by halting smart contract activity
👉 The remaining funds are being transferred to blacklisted wallets
👉 The Sui Foundation is working with Cetus to contain the damage and recover as many funds as possible
👉 The hack has sparked criticism on social media, with some users questioning the decentralization of the project

#technology


Sui liquidity provider Cetus has paused its smart contract, and confirmed losing $223 million to a hack.
https://crypto.news/sui-based-cetus-confirms-223m-hack-pauses-smart-contract/

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