
SUI-Based Cetus Protocol Reportedly Exploited for Over $260M, Investigation Underway
Cetus, a decentralized exchange (DEX) on the Sui blockchain, has reportedly suffered a devastating exploit. According to on-chain investigator Lookonchain’s update, over $260 million was stolen from Cetus. The attacker swapped the stolen assets into USDC and bridged roughly $60 million to Ethereum, where it was exchanged for ETH. Lookonchain further reported that the exploiter…