Archive · 23 May 2025
Cetus Protocol Crypto Exchange Suffers $223M Security Breach
Imagine a digital bank called Cetus Protocol on the internet.
Hackers found a way to trick the bank's computer programs.
They used this trick to steal money, about $223 million!
The bank quickly stopped everything to prevent more theft and is now trying to get the money back.
They're working with others to solve the problem.
Because of this, the value of their digital money dropped.
The bank is checking what went wrong and will share what they find.
Cetus Protocol, a DeFi project, reported a security breach.
Approximately $223 million was lost in the incident.
Smart contracts were temporarily paused for safety.
$162 million of the compromised funds were successfully paused.
The native token CETUS dropped in value after the news.
- Who
- Cetus Protocol, a decentralized crypto exchange.
- What
- Cetus Protocol suffered a security breach resulting in a loss of funds.
- When
- On May 22, 2025, according to one article.
- Where
- On the Sui blockchain.
- Why
- Attackers exploited vulnerabilities in Cetus Protocol's smart contracts.
- Affected Project
- Cetus Protocol
- Approximate Loss
- $223 million
- Blockchain
- Sui blockchain
- Incident Reported
- May 22, 2025
- CETUS Token Drop
- 18%