Crypto DeFi Project Cetus Protocol Suffers Security Breach
Cetus Protocol, a decentralized crypto exchange and key liquidity provider on the Sui blockchain, lost more than $200 million in a security breach on Thursday, according to blockchain security firm PeckShield Inc.
The project confirmed the incident in a post on X, formerly Twitter, stating that its smart contracts had been paused 'temporarily for safety' and that a full investigation is underway. 'The team is investigating the incident at the moment. A further investigation statement will be made soon,' the post said.
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