ExVul Security Examines Cetus Flashswap Exploit Impacting Liquidity

ExVul Security, a leading web3 security firm, has conducted an analysis of the recent Cetus security incident that impacted liquidity pools. The investigation revealed that hackers exploited Cetus’s flashswap functionality due to a vulnerability in its price calculation mechanism. This allowed them to manipulate prices and drain substantial liquidity from various platforms. A significant portion of funds has been transferred to the Ethereum blockchain via cross-chain bridges.