Cetus Protocol Shifts to Open Source After Major Security Breach

Following a significant security breach that resulted in a $220 million exploit, decentralized exchange Cetus Protocol has announced its transition to an open-source model. The attack, which occurred on May 22, exploited a flaw in the pricing mechanism, allowing the attacker to drain tokens from the exchange’s major liquidity pools. In response, Cetus successfully froze $162 million of the stolen funds shortly after the incident. 💰 📈