Cetus Protocol suffered a major hack earlier today, with attackers stealing around $223 million from the platform. In response, the team announced taking quick steps in locking their smart contract to prevent any further movement of funds.
According to the team, out of the total amount stolen, $162 million has been successfully paused, meaning the attacker can no longer move or use that portion, offering some relief, as it prevents further misuse of a large portion of the compromised assets.
The platform is actively working with the Sui Foundation and other ecosystem partners to figure out the best path forward in their goal to as much of the remaining funds as possible as the team stressed that this is their top priority and that they are exploring all available options.
While the full extent of the breach is still being investigated, Cetus has reassured users that most of the affected funds are now under control. While promising to be transparent and will continue to provide updates through their official channels.
A full incident report will be released once the investigation concludes. In the meantime, the team expressed deep gratitude for the community’s patience and support during this challenging time.
This exploit serves as a sobering reminder of the risks involved in DeFi and highlights the importance of strong security practices in the growing blockchain space.
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