The attacker used spoof tokens to exploit price curves and reserve calculations, manipulating liquidity to extract real assets.
Quote
Sources
Sui's Biggest Liquidity Provider Hacked for $223M, Causing Sui-Based Tokens to Plummet
Referenced by
An attacker exploited the Cetus Protocol by using spoof tokens to manipulate price curves and reserve calculations, allowing unauthorized extraction of real assets.
Crypto news
Claim
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
Crypto news
Claim
