Cetus Protocol Breach Leads to Severe Price Drops for Sui Ecosystem Tokens

TL;DR An exploit on Cetus Protocol led to the theft of $223 million and caused several Sui-based token prices to plunge over 50%. The attack forced Cetus to pause its smart contract; $60 million had already been moved to Ethereum after being converted to USDC. Various efforts are underway to stop the movement of the. . . source: https://crypto-economy.com/cetus-protocol-breach-leads-to-severe-price-drops-for-sui-ecosystem-tokens/