Cetus Protocol Hack Exposes Major DeFi Vulnerability; $223 Million Lost

The recent hack of the Cetus protocol, a leading decentralized exchange (DEX) on the Sui network, has exposed a critical vulnerability in its automated market maker logic. Attackers exploited an overflow flaw, resulting in over $223 million in user losses. According to blockchain security firm Dedaub, this incident highlights the significance of thorough testing for complex financial algorithms used in DeFi applications.