Cetus Protocol Temporarily Suspends Smart Contract Amid Security Incident

According to PANews, the decentralized exchange Cetus Protocol, part of the SUI ecosystem, announced on the X platform that it has temporarily suspended its smart contract due to a detected security incident. The team is actively investigating the matter and plans to release a detailed statement soon. Earlier reports indicated that the attack on Cetus Protocol resulted in losses exceeding $200 million, with hackers beginning to transfer USDC assets.