Hacker steals $223 million in Cetus Protocol cryptocurrency heist
The decentralized cryptocurrency exchange Cetus Protocol revealed that $223 million has been stolen by hackers and is making a deal to halt any legal proceedings in exchange for the money's restoration.
The organization also offered a $5 million reward to anyone who could identify and apprehend the perpetrator by giving pertinent information.
Operating on the Aptos and Sui blockchains, Cetus mechanism is a decentralized exchange (DEX) and liquidity mechanism.
By using a Concentrated Liquidity Market Maker (CLMM) approach, it improves capital efficiency and makes sophisticated trading strategies possible by enabling liquidity providers to distribute assets within predetermined price ranges. As of May 2025, over 15 million accounts have executed 144 million trades on the Cetus Prot...