Decentralized crypto platform Cetus hit with $223 million hack

About $223 million was stolen from the Cetus decentralized exchange on the Sui blockchain; Cetus paused its contract to stop further theft, reporting that $162 million of the compromised funds have been “paused” while blockchain data indicates roughly $50 million was transferred to a new wallet. Analysts and security firms are debating whether the attacker exploited a protocol vulnerability or used price-manipulation as part of the attack; Cetus says it is pursuing recovery options and working with the Sui Foundation and others and will publish a full incident report.