Cetus Liquidity Exploit: $230 Million Lost Due to Mathematical Function Flaw

A major liquidity provider within the SUI ecosystem, Cetus, suffered a $230 million exploit due to an error in their smart contract’s mathematical function. The security firm SlowMist identified this vulnerability and urged developers to implement stricter validation measures. 🤯 This incident highlights the ongoing need for rigorous audits to prevent similar vulnerabilities from occurring in DeFi systems.