The CETUS Protocol, a de X -Black -based exchange, witnessed a decisive security breach on May 22. The data confirmed the series unauthorized for more than 260 million dollars in digital assets from its liquidity pools. However, after the first reports of the system’s error, many Blockchain analyzes linked the attack using fake codes and change the price of encrypted currencies.
An unusual activity was discovered on the chain before confirming the breach
The transaction data from tools on the chain showed a sudden large leap, before publicly asserting the exploitation. On Monday, CETUS had more than $ 2.9 billion of professions, compared to $ 320 million the day before. Meanwhile, 800 % increased when the platform began to see many of its origins that were taken away. Lokonchain noted that 0xe28B50 was the basic wallet, with a value of 12.9 million together about $ 54 million.
The initial analysis indicated that the attacker used satirical simulation symbols such as Bulla to exploit broken price curves and billiard reserves. The attacker added minimal liquidity and then manipulating the internal liquidity provid states to withdraw real assets such as SUI and USDC. The extractor, a tool for cyberspace Hakin, follows at least $ 63 million ethereumIncluding 20,000 ETH sent to a new portfolio.
Everything looks @Mistusprotocol LP has been drained
Looking at TX, the Possible Path of Exploitation was:
1. Plated SPOOF code (such as Bulla → Sui), taking advantage of the non -measured price curve or broken backup mathematics.2. Add liquidity in a quantity close to scratch, to treat the internal LP … pic.twitter.com/ftPyrspwww
– Sashko
(@d0rsky) May 22, 2025
The CETUS team stops contracts and the internal investigation begins
After discovering the abnormal behavior, CETUS stopped its smart contracts to prevent more losses. The team was martyred in a liquidity infrastructure incident and is achieved from the breach. Discords from team members claimed a malfunction in Oracle, but Blockchain analysis showed that mockery simulation symbols were used to change price curves and internal reserves.
After the breach, Cryptos Axol and LBTC with others on CETUS lost more than 75 % of its value. It resulted in a great difference in the distinctive symbol price because the liquidity collection of the protocol was emptied. At the same time, the Sui symbol increased by 3.15 % and was trading at $ 4, while the trading volume increased by 24 hours by 112 % to nearly $ 2.5 billion.
Impacts on the SUI ecosystem
The exploitation was affected more than Citos. The money market is based on crownI stopped all borrowing functions, citing the risk of the protocol. Onchain Lens reported that the attacker took control of SUI swimming pools and began moving USDC shortly after. The Binance Sui team called on continuous recovery efforts.
As of writing, CETUS smart contracts remain suspended, and most trading pairs are displayed any liquidity data. The CETUS team promised to publish a full statement after the end of its investigation. The exploitation portfolio continues to transfer assets, adding pressure to the Sui’s infrastructure.
according to CoinmarketcapThe price of the CETUS protocol decreased by 21.61 % in 24 hours after the violation, moving from $ 0.26 to $ 0.16. At the same time, the project value of the project decreased by 21.60 % to 118.27 million dollars.
