News with the tag "CETUS"

The decentralization of the Layer-1 blockchain Sui network is being questioned after its major DeFi platform, Cetus Protocol, called for an upgrade to recover stolen funds. Cetus had been hacked for over $222 million, but Sui Validators were able to freeze $162 million of the stolen funds. According...

The largest decentralized exchange (DEX) and liquidity protocol on the layer-1 blockchain Sui ( SUI ) is temporarily disabling its smart contracts following a major security breach. In a statement , Cetus Protocol confirms that a bad actor siphoned approximately $223 million worth of assets from the...

BitcoinWorld Sui blockchain Takes Urgent Action After Cetus Protocol Hack The world of decentralized finance (DeFi) can be exhilarating, but it’s not without its risks. The recent news of a staggering $223 million hack targeting Cetus Protocol, a prominent decentralized exchange operating on the Sui...

Hackers drained over $220 million from CETUS DEX, a key SUI-based platform. $160 million in stolen funds has been frozen and is set for recovery. The hack has raised serious questions about DeFi security and SUI decentralization Hackers exploited CETUS, a top decentralized exchange on the SUI blockc...

Cetus Protocol, the main liquidity provider for SUI, is seeking solutions to the loss of $223M from its DEX liquidity pools. The team offered a white hat deal to the hacker to return the funds currently held on Ethereum. Cetus Protocol narrowed down the losses from its liquidity vaults to $223M, tak...

BitcoinWorld Sui hack: Shocking $150M+ Exploit Rocks Cetus Protocol The world of decentralized finance (DeFi) on the Sui blockchain has been rattled by a significant security incident. Reports indicate that Cetus Protocol, a prominent decentralized exchange operating on Sui, has allegedly suffered a...

BitcoinWorld Massive Cetus DEX Exploit: Settlement Offered in Urgent Fund Recovery Push The world of decentralized finance (DeFi) can be incredibly innovative, offering exciting opportunities, but it also comes with inherent risks. One such risk recently materialized for users of Cetus DEX , a promi...

BitcoinWorld Urgent Alert: Korean Exchanges Suspend SUI Network Transactions After Cetus DEX Incident Navigating the fast-paced world of cryptocurrency often means staying alert to unexpected events. Recently, users of the SUI network faced disruption as major Korean exchanges took swift action foll...

BitcoinWorld Urgent Alert: Cetus Protocol Hacker Executes Massive $96M SUI Token Transfer In a development that has sent ripples through the SUI ecosystem and the broader decentralized finance (DeFi) world, the individual or group responsible for the previous Cetus Protocol exploit has reportedly mo...

BitcoinWorld Sui Faces Challenges: CZ Offers Crucial Support After Cetus Protocol Hack The world of decentralized finance (DeFi) is no stranger to turbulence, but recent events on the Sui network have brought a fresh wave of challenges. Following a significant exploit affecting a key platform, the s...