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.

Quotes that support claims

Initial reports from the team attributed the breach to an Oracle bug. But mounting on-chain evidence pointed to a deliberate and coordinated exploit.

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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