Altcoins News
By Sakamoto Nashi
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Unusual Activity Triggers Alarm. According to on-chain data, transaction volume on Cetus spiked dramatically on May 22, jumping…
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Cetus Claims Bug, Experts Suspect Hack. In an initial response, the Cetus team claimed the issue was caused by a software bug in one of…
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Ripple Effects on the Sui Ecosystem. The impact of the Sui DEX Cetus hack extends beyond the platform itself.
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Trust Issues and Transparency Concerns. A major point of concern has been the lack of clear communication from the Cetus team.
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A Familiar Pattern in DeFi?. Unfortunately, the Sui DEX Cetus hack is not an isolated case.
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What Happens Next?. At the time of writing, Cetus has paused the affected contract and promised a thorough…
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Final Thoughts. The Sui DEX Cetus hack serves as another stark reminder of the vulnerabilities that continue to…
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A major blow has struck the decentralized finance (DeFi) community after Cetus, a decentralized exchange (DEX) built on the Sui blockchain, reportedly suffered a massive security…
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The Sui DEX Cetus hack is already being labeled one of the largest DeFi exploits of the year, with many in the community questioning whether the incident was truly due to a…
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According to on-chain data, transaction volume on Cetus spiked dramatically on May 22, jumping from just $320 million the day before to $2.9 billion.
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By the time the issue was identified, approximately $212 million worth of crypto assets had already been transferred to Ethereum, including a single transaction of 20,000 ETH…
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“The transfer rate — nearly $1 million per minute — and the total value involved strongly indicate this was a coordinated exploit,” said one blockchain researcher.
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The impact of the Sui DEX Cetus hack extends beyond the platform itself. As the panic spread, other projects within the Sui ecosystem also took precautionary measures.
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In addition, several tokens tied to Cetus or operating on the Sui blockchain plunged over 75% in value, creating ripple effects in the broader DeFi market.
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A major point of concern has been the lack of clear communication from the Cetus team. As of now, the team has not released a full post-mortem or technical explanation of the…
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