Cetus Exchange Temporarily Down After Hacker Attack

Decentralized exchange Cetus, built on the Sui blockchain, has suffered a major hacker attack, which resulted in the theft of about $11 million in SUI tokens from the SUI/USDC liquidity pool.

This event caused the token price to collapse by more than 75%, and also led to a temporary shutdown of the platform's smart contracts. Clients were immediately notified of the termination of service. According to Coinpedia, the attackers managed to completely empty the SUI/USDC pool, which caused a sharp drop in trading activity on the platform. The attack affected not only the main pairs, but also other liquidity pools.

Tokens of projects related to the Sui ecosystem have lost 70 to 90% in price. Cetus Protocol, one of the key participants in the Sui DeFi infrastructure, has always emphasized its security due to its open source code and non-custodial approach, in which users remain full owners of their assets. Currently, experts continue to analyze what happened and urge to refrain from using the protocol until all systems are restored and a detailed report is published.

Earlier, the KiloEx exchange temporarily suspended operations after the platform was hacked and $7.5 million was stolen from it.