“It has lost nearly $ 223 million (about 1910 rupees) in a security breach.
The project confirmed in a post on X, previously on Twitter, saying that its smart contracts had temporarily stopped “temporarily for safety” and that the full investigation is underway. “The team is investigating the accident at the present time. Another statement will be issued soon,” said Post.
: Rotating_light: alert ad.
An incident was discovered on our protocol and our smart contract was temporarily stopped for safety. The team is investigating the accident at the present time. Another investigation statement will be presented soon. We are grateful for your patience.
CETUS: What: (CETUSPROCOL) May 22, 2025
The company said in a statement to Bloomberg News: “We have taken immediate measures to close our contract to prevent further theft of money. 162 million dollars (about 1387 rupees) were suspended from the money that was successfully hacked.” “We are working with SUI and other ecological system members now on the next step solutions, with the aim of recovering the remaining stolen money.”
The original symbol of the protocol, CETUS, decreased to 18 percent after the news, and data from Coingecko show.
“The striker took advantage of the smart contracts of CETUS by spreading simulation symbols to ridicule price curves and reserve calculations,” said Deedy Lavid, CEO of Bluchin Security. “This allowed them to extract real assets from multiple liquidity pools, including the SUI/USDC gathering.”
© 2025 Bloomberg LP
(This story has not been edited by NDTV and is automatically created from a common summary.)
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