A major security breach at the Cetus Protocol, a decentralized exchange operating on the Sui blockchain, resulted in the theft of $223 million in funds last week. This incident has cast a spotlight on vulnerabilities within decentralized exchanges and raises concerns about their security measures and responses to such breaches. 📚 The Cetus Protocol offers a $6 million reward for the return of $56.3 million worth of ETH stolen from its system. This follows the freezing of $162 million in compromised tokens by Sui validators, who are facing criticism regarding potential centralization issues. ⚖️ The incident has triggered a ripple effect throughout the cryptocurrency market, with CETUS token prices plummeting and other projects like Haedal Protocol halting their haeVault feature following similar breaches. Cetus is actively engaging its management to address this security breach proactively.