Earlier today, a member of the Cetus team posted to Discord that the platform was ‘not hacked, we’ve detected a bug in the oracle.’ The general consensus among Crypto Twitter now appears to support oracle manipulation as the cause of the exploit.
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Sui-based Cetus Protocol suspends operations following $223 million oracle exploit
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Cetus Protocol initially attributed the May 2025 exploit on its protocol to an oracle bug but later on-chain analysis confirmed a deliberate and coordinated attack involving spoof token manipulation.
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