Cetus Recovers From Cryptocurrency Theft, But Security Concerns Persist

A recent exploit on the Sui blockchain has left Cetus with a significant loss – over $223 million in cryptocurrency was stolen. The attack targeted the protocol’s smart contract, exploiting it to manipulate prices and drain liquidity pools. While a portion of the funds have been recovered through Binance’s intervention, recovery efforts are ongoing. This incident highlights a recurring vulnerability in the crypto ecosystem, with similar attacks impacting other platforms previously.