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CETUS

Major DeFi Breach Drains $11M from Cetus DEX on Sui Network

The profit was achieved. Malicious actors targeted the Cetus DEX pools on the Sui network. They withdrew $11 million from the SUI/USDC liquidity pool, triggering a collapse in the prices of most tokens by 75%, and nearly completely drained the reserves. Cetus is a major liquidity provider platform for the DeFi ecosystem.
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AI Analysis

The recent attack on the Cetus decentralized exchange (DEX) pools highlights significant vulnerabilities within DeFi platforms, especially those serving as principal liquidity providers like Cetus. Th...

AI Recommendation

Investors in the Sui ecosystem or those holding assets in Cetus should exercise increased caution following this breach. It is advisable to monitor the developments regarding security enhancements and...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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