A major hacker attack on the Cetus Protocol through a vulnerability in the smart contracts of the Sui network resulted in a theft of $260 million, impacting the decentralized finance market. The incident raised concerns about security measures and decentralization principles within the blockchain ecosystem. Efforts to recover funds highlighted the necessity of improving security audits in decentralized finance to prevent future vulnerabilities and maintain investor trust.
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A major hacker attack on the Cetus Protocol through a vulnerability in the smart contracts of the Sui network resulted in a theft of $260 million, impacting the decentralized finance market. The incident raised concerns about security measures and decentralization principles within the blockchain ecosystem. Efforts to recover funds highlighted the necessity of improving security audits in decentralized finance to prevent future vulnerabilities and maintain investor trust.