On May 22, the Cetus Protocol liquidation protocol on the Sui network was suspected of being the target of a cyber attack, causing serious damage to the protocol's DeFi ecosystem. According to on-chain data, liquidation in Cetus trading pools dropped sharply, raising concerns that hackers are draining assets from these pools.
This suspected cyber attack caused the prices of many token trading pairs on Cetus to drop significantly in a short time. This demonstrates the severity of the incident and negatively impacts user community trust in the protocol's safety and stability.
Cetus Protocol is one of the leading decentralized liquidity platforms on the Sui network, playing a crucial role in supporting digital asset trading and exchange activities. Therefore, any attack targeting Cetus could have significant consequences for the entire DeFi ecosystem on Sui.
Currently, the Cetus Protocol development team has not issued an official statement, while the community is closely monitoring the developments and waiting for timely handling measures to prevent escalating losses.
