Cetus DeFi Attack: $230 Million Stolen in Complex Smart Contract Exploit

A sophisticated exploit has cost the Cetus protocol over $230 million in a carefully crafted attack targeting its smart contract. SlowMist, a leading cybersecurity firm, revealed that the perpetrator exploited a vulnerability in the checked_shlw function to trigger an overflow condition, causing the exchange of a single token for a significant portion of liquidity. The attack highlights the ongoing challenges of maintaining security within complex DeFi protocols.