A significant security breach affecting the Cetus protocol on the Sui network has resulted in a $10 million theft of SUI assets. Attackers exploited vulnerabilities to drain liquidity pools, leading to these funds being deposited into Suilend. As a precautionary measure, Cetus’s smart contract has been paused for evaluation. Several platforms, including Bluefin and Momentum, have implemented temporary freezes on operations, ensuring user security. The Cetus protocol team is actively investigating the incident and will issue a follow-up statement shortly. This breach has significantly impacted market values and raised concerns regarding crypto security protocols, prompting potential regulatory scrutiny in the future.