Initial reports from the team attributed the breach to an Oracle bug. But mounting on-chain evidence pointed to a deliberate and coordinated exploit.
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Cetus Protocol Halts Operations After $260 Million Hack, Sending Sui Tokens Into Freefall
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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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