<ul><li>A sophisticated smart contract exploit led to Cetus losing $230M on May 22.</li><li>The attacker manipulated smart contract parameters to trigger an overflow condition, bypassing safeguards and draining liquidity pools.</li><li>SlowMist described the exploit as a precision-engineered mathematical attack exploiting vulnerable math functions.</li><li>Cetus team suspended the smart contract, initiated a full investigation, and is working on patching the exploit with third-party security experts.</li></ul>

SlowMist Uncovers How Cetus Lost $230M in Sophisticated Smart Contract Exploit

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