Sui LP provider Cetus allegedly drained of $11m SUI, hack or bug?
The post Sui LP provider Cetus allegedly drained of $11m SUI, hack or bug? appeared on BitcoinEthereumNews.com. Traders descended into a panic after LP provider Cetus appeared to be drained of $11 million worth of SUI from its liquidity pool. The team claimed it was an oracle bug, not an exploit. According to its most recent post, the Cetus team has temporarily halted their smart contracts to prevent any more losses after it detected an incident on its liquidity platform. The team claims that it is currently investigating the root cause of the alleged breach. “A further investigation statement will be made soon. We are grateful for your patience,” said the protocol.
The post Sui LP provider Cetus allegedly drained of $11m SUI, hack or bug? appeared on BitcoinEthereumNews.com.
Traders descended into a panic after LP provider Cetus appeared to be drained of $11 million worth of SUI from its liquidity pool. The team claimed it was an oracle bug, not an exploit. According to its most recent post, the Cetus team has temporarily halted their smart contracts to prevent any more losses after it detected an incident on its liquidity platform. The team claims that it is currently investigating the root cause of the alleged breach. “A further investigation statement will be made soon. We are grateful for your patience,” said the protocol.
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