Sui DEX Cetus suspected of being hacked: Up to $200 million lost

Sui-based DEX Cetus is suspected to be experiencing an exploit, with onchain data showing rapid asset drainage despite the team downplaying the incident as a “bug.”

Cetus, a decentralized exchange (DEX) built on the Sui blockchain, has reportedly suffered a massive exploit that may have drained more than $200 million worth of digital assets.

Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” He also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours.

Some tokens, such as Lombard Staked BTC (LBTC) or AXOLcoin (AXOL) lost the near totality of their value. The top 15 losers all lost in excess of three-quarters of their price.

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