Cetus Protocol Secures $160 Million Following Sui Blockchain Exploit

The Cetus protocol, built on the Sui blockchain, successfully relocated approximately $160 million of its assets to a secure multisig wallet following a security breach. The funds are now protected and the process of recovering liquidity and restoring protocol functionality is underway. 90% of validator community support has been secured for these actions, reflecting high confidence in the handling of the situation.