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by: xpoolPosted on: May 23, 2025

Massive $200M Loss in Cetus DeFi Exploit: Sui Blockchain Security Concerns Rise

A significant exploit on the Sui blockchain has resulted in over $200 million being stolen from liquidity pools on Cetus, the largest decentralized exchange on the network. The attack, which leveraged flawed smart contracts and manipulated price data, highlights the vulnerability of oracle-based price mechanisms in emerging Layer 1 platforms.

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