The attacker exploited vulnerabilities in Cetus Protocol’s smart contracts by deploying spoof tokens to manipulate price curves and reserve calculations.
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Crypto DeFi Project Cetus Protocol Suffers Security Breach
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An attacker exploited the Cetus Protocol by using spoof tokens to manipulate price curves and reserve calculations, allowing unauthorized extraction of real assets.
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The Cetus protocol attacker used over 58 million USDC to purchase 21,938 ETH at an average price of $2,658 during the aftermath of the hack
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