Sui-based DEX Cetus is suspected to be experiencing an exploit, with onchain data showing rapid asset drainage despite the team downplaying the incident as a “bug.”
Cetus, a decentralized exchange (DEX) built on the Sui blockchain, is suspected to be undergoing a massive exploit that may have drained more than $200 million worth of digital assets.
Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” He also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours.
Cetus did not immediately respond to Cointelegraph’s request for comments about the suspected exploit.
