Cetus, a decentralized exchange (DEX) built in the SUI Blockchain, is suspected of undergoing a massive exploitation that could sink more than $ 200 million worth of digital ownership.
The Pseudonymous Web3 Researcher Comdare3 is posted to X “users reporting” taking advantage of SUI Dex Cetus. “He also shared a screenshot of Cetus market data on Dex Screenershowing a lot of possession of missing more than half of their value in the last 24 hours.
Cetus pool Data DEX is now shown to process $ 2.9 billion worth of transactions, an increase of 89% from $ 320 million reported the day before.
Some tokens, such as the Lombard Staked BTC (LBTC) or Axolcoin (Axol) have lost their close sum at the cetus. Top 15 losses all lost in excess of three-quarters of their price.
Outside the cetus, the LBTC appears to have gained more than 4% value in the last 24% according to CoinMarketCap Data. Others, such as axol (axol), have not been fortunate, with coinmarketcap Data Shows a loss of almost 99.5%.
The so -called exploit Address Contains nearly $ 52 million of Sui (Sui) Tokens, $ 4.9 million of Haedal Staked Sui (Hasui), over $ 19.5 million bathrooms (bathroom), nearly $ 19.5 million of packaged USDT (USDT) and many other possessions.
The official profile of Cetus x confirmed That a protocol incident was detected, and the wise contract was paused for safety. It added that an investigation is ongoing.
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However, blockchain analysts and compliance companies have raised doubts about project transparency. A representative from Amlbot is told in Cointelegraph:
“We see $ 212 million that is -bridged in Ethereum at the rate of $ 1 million per minute. The rush level suggests that it might be more in the story than a simple bug.”
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The AMLBOT representative – determines the statements made by members of the Cetus team at the Discord – further explained that while the Cetus team “calls this incident ‘a bug,’ – the timing raises questions.”
The Onchain Data Service Onchain Lens is stated in an X Post “The attacking has gained control over all sui-denominated pools, taking advantage of more than $ 200m, and has even begun to move $ USDC.”
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This is a story development, and further information will be added as it is available.
