The Cetus decentralized exchange operating on the SUI blockchain was subjected to a large hacker attack, as a result of which about $ 11 million in Sui tokens was stolen from the liquidity pool. The incident led to the collapse of the cost of ecosystem tokens by more than 75%, as well as to the suspension of the work of the platform smart contracts.

The official statement of Cetus Protocol was published on the social network X at 11:34 UTC.

“We recorded the incident on our protocol, and the smart contract was temporarily suspended for security reasons. The team conducts an investigation, and a detailed statement will soon be published. Thank you for your patience, ”the message says.

A notification of temporary termination of customer service was posted three times in a row.

By data CoinPEDIA, hackers completely devastated the Sui/USDC liquidity pool, which led to catastrophic consequences for trade activity on the platform. Crypto Briefing reportsthat other liquidity pools were affected during the attack, and the USDC price on SUI in the moment fell to several cents. The total liquidity volume in some trading couples decreased to $ 143,000, and the SUI ecosystem tokens collapsed by 70–90%.

Cetus Protocol, one of their key players of the SUI Defi Ecosystem, positions itself as a safe platform thanks to open smart contracts and non-castodular approach, where users retain full control over their means.

The Cetus team announced the continuation of the investigation and recommended refraining from interaction with the protocol to the complete restoration of its work.

Earlier, PeckShield cybersecurity experts reported that unknown attackers stole 6260 ETH ($ 13 million) from the bullets of the decentralized ABRACADABRA Finance protocol.