Cetus DEX on Sui Hacked, Liquidity Pools Drained
Cetus DEX on the Sui network hacked; liquidity pools drained, users urged to stay cautious.
- Cetus DEX on Sui network was hacked, draining LP pools.
- The platform is urging users to avoid interacting until further notice.
- Security concerns rise across Sui-based DeFi platforms.
Cetus DEX Faces Major Exploit on Sui Network
A major security breach has rocked the Sui blockchain ecosystem. Cetus, a leading decentralized exchange (DEX) and liquidity provider on Sui, has suffered a critical hack. According to on-chain reports and community alerts, the exploit resulted in the complete draining of several liquidity provider (LP) pools.
The attack has sent shockwaves through the Sui DeFi community, with traders and liquidity providers now scrambling to assess the damage and protect their assets.
LP Pools Drained: What We Know So Far
The exploit appears to have targeted smart contract vulnerabilities within the LP infrastructure of Cetus. While the exact technical details are still unfolding, initial evidence shows coordinated transactions rapidly removing liquidity across several major trading pairs.
Users are being strongly advised not to interact with the Cetus DEX until an official response or patch is released. The Cetus team has acknowledged the attack and stated they are actively investigating the breach while attempting to freeze any compromised funds.
Rising Security Concerns in Sui DeFi
This incident highlights the ongoing risks facing DeFi users, especially on newer ecosystems like Sui. While Sui has attracted attention for its speed and scalability, this breach could affect trust in its broader DeFi applications.
Experts are calling for stronger security audits and real-time monitoring tools to safeguard user funds. If you’re using any DEX or DeFi platform on Sui, now is a good time to review your exposure and stay updated on official announcements.
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