Sui-based Cetus Protocol suspends operations following $223 million oracle exploit

Description

Cetus Protocol, a decentralized exchange (DEX) operating on the Sui Network, has suspended its smart contract operations after a serious security breach.

Authors

Oluwapelumi Adejumo

Publish date

May 22, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/sui-based-cetus-protocol-suspends-operations-following-260-million-oracle-exploit

Referenced by

Cetus Protocol pauses operations after $260M hack

Crypto news

News story

The Cetus exploit caused a drop in Sui ecosystem token prices, affecting user confidence and liquidity providers alike.

Crypto news

Quote

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.

Crypto news

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