Cetus Protocol Hacked for $223M in DeFi Exploit — Offers $6M Bounty to Attacker for Asset Recovery
In a chilling reminder of the fragility of decentralized finance, Cetus Protocol, the leading decentralized exchange (DEX) on the Sui blockchain, suffered a staggering $223 million exploit on May 22. The attack, which exploited a loophole in the protocol’s pricing mechanism, has left the DeFi community reeling—and the Cetus team scrambling. The attack leveraged a…