Cetus Relaunches After $200 Million May Hack

June 9, 2025

Share via:

Cetus Protocol, a Sui-native decentralized exchange that suffered a huge $220 million exploit in May, says it is now working on going open-source following its recent relaunch.

An attacker exploited a pricing mechanism flaw to data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/how-220m-was-stolen-in-minutes-understanding-the-cetus-dex-exploit-on-sui” title=”null”>drain tokens from Cetus’ major liquidity pools on May 22. The protocol data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/sui-validators-freeze-majority-stolen-funds-220m-cetus-hack” title=”null”> managed to freeze $162 million of the stolen funds shortly after.

Trade volume on Cetus had been data-ct-non-breakable=”null” href=”https://defillama.com/dexs/cetus” title=”null”>trending upward before the attack, registering over $5 billion in April and another $5 billion in May, despite shutting down after May 22.

Cetus liquidity…

Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Atome raises $75m to expand services in Philippines

Next News

Apple could now bring back a special product that it discontinued, here’s how

Cointelegraph

Cetus Relaunches After $200 Million May Hack

June 9, 2025

, Published By Cointelegraph

Blockchain

Cetus Protocol, a Sui-native decentralized exchange that suffered a huge $220 million exploit in May, says it is now working on going open-source following its recent relaunch.