#Cetus Protocol Loses $200M in Oracle Manipulation Attack on $SUI


Attackers exploited vulnerabilities in Cetus smart contracts, using spoof tokens to drain liquidity pools.


$LOFI, $HIPPO , and $SQUIRT respectively crashed 76%, 80%, and 97% within one hour.


The $CETUS token itself dropped 53% as 46 SUI tokens posted double-digit losses.


Cyvers' CEO confirmed that the exploit manipulated price curves and reserve calculations across multiple pools.


The attacker currently holds $164 million in a SUI wallet and has bridged $61.5 million $USDC to $ETH.


Cetus paused smart contracts immediately to prevent further losses from the #Oracle attack.


Of the compromised funds, $162 million has been successfully frozen, according to the protocol's announcement.


$SUI surprisingly rose 2.2% over 24 hours despite the massive exploit on its largest DEX.

image
May 22, 2025 at 7:20 PM
5