Cetus Protocol Halts Trading After $260 Million Hack, Security Concerns Persist

Cetus Protocol has taken swift action to address a significant security breach that resulted in the loss of approximately $260 million in assets from its Sui blockchain DEX. The hack prompted the protocol to halt trading and implement crucial measures to protect its remaining funds. This incident highlights the ongoing challenges and vulnerabilities within the DeFi ecosystem, prompting discussions on improved security protocols for the SUI token and broader blockchain communities.