A massive exploit targeting the Cetus Protocol, a leading decentralized exchange on the Sui blockchain, has resulted in an estimated theft of $200 million. This significant incident highlights vulnerabilities within DeFi platforms and casts doubt on the overall security of the Sui blockchain. The attack stemmed from manipulation of liquidity pools via oracle implementation flaws, according to investigations. The Cetus team is working with partners to address the situation, including a $5 million bounty offered by the Sui Foundation in collaboration with Inca Digital to identify those responsible. Binance’s Changpeng Zhao has also voiced his support for the investigation, emphasizing the impact of this breach on the wider crypto community. 5.5% drop in SUI token price reflects investor concerns despite the resilience of the infrastructure, leading to discussions regarding DeFi decentralization and security frameworks.