Cetus Protocol Recovers $162 Million After Security Breach | DeFi Vulnerability Remains High

A security breach affecting the Cetus Protocol, a decentralized exchange on the Sui blockchain, resulted in the theft of approximately $223 million. The exploit triggered immediate action, with Cetus Protocol freezing $162 million to prevent further losses and collaborate on negotiations for the return of the stolen funds. A $6 million bounty is being offered to incentivize the hackers’ cooperation.