<ul><li>Decentralized exchange Cetus on the Sui blockchain was exploited, resulting in over $260 million being stolen.</li><li>The attacker converted stolen assets to USDC and transferred around $60 million to Ethereum, exchanging it for ETH.</li><li>The exploiter spent $58.3 million USDC to buy 21,938 ETH at an average price of $2,658 per token.</li><li>Cetus confirmed the exploit, paused smart contracts, and initiated an internal investigation. Several Sui-based tokens on Cetus experienced significant value drops.</li></ul>

SUI-Based Cetus Protocol Reportedly Exploited for Over $260M, Investigation Underway

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