Breaking! Cetus Protocol Suffers $260M Exploit Using Fake Tokens—DEX Pauses All Trading

TL;DR Cetus Protocol, the main liquidity provider on the Sui network, was exploited in an attack that drained over $260 million using fake tokens. The attacker manipulated price curves and reserve calculations to withdraw real assets like SUI and USDC. The protocol paused all smart contracts for security reasons, and CETUS fell 17. 74%, currently trading. . . source: https://crypto-economy.com/breaking-cetus-protocol-suffers-260m-exploit-using-fake-tokens-dex-pauses-all-trading/