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Cetus Protocol on Sui Network Hacked and Prices Tank: Everything You Need To Know

  • Cetus Protocol, a DEX on the Sui Network, was hacked, losing over $230 million.
  • Hackers targeted SUI-denominated liquidity pools, causing CETUS and SUI prices to drop significantly.
  • Approximately $160 million of the stolen funds has been reportedly recovered and frozen by Cetus Protocol.
  • Team and community are investigating the incident, and Cetus Protocol has frozen its contracts to prevent further losses.

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