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Tbeagle ⨀Profile· Questionable@CetusProtocolOn Ethos
Cetus🐳
2 reviews, 0% of them positive.0% positive · 2 reviews· Influence factor 28, above 5% of accountsWhat people say
Received · 2Given · 0“Exploited for more than $200 million”Cetus was hacked, but thanks to not so decentralised SUI blockchain they quickly managed to freeze and transfer funds from hacker wallet back to Cetus, the ones that hadn't yet been bridged out by exploiter (about 160M) I was holding some of my funds there and lost about 10% of the amount.
SHLEPOZAVRIK · 1267· 1y ago · negative18
SHLEPOZAVRIK · 1267· 1y ago · negative18“Cetus caused irreversable damage to the sui Ecosystem”Cetus team are ex-@Crema_Finance. Crema was a Solana AMM that got exploited back in 2022, Ironically the Cetus exploitis very similar and in both cases the hack was related to flashloans. Since cetus was the biggest dex on SUI a lot of different coins were affected by the $200M hack. Onchain was pretty much dead in an instant and even now people are worried about sui's future. Fortunately most of the funds were recovered but still even during the hack cetus team communications were quite unprofessional. Here is a tweet with some more context: https://x.com/0xJohannes_/status/1925551718961414552
Johannes (4, 4) · 2086· 1y ago · negative13
Johannes (4, 4) · 2086· 1y ago · negative132 of 2 · most upvoted first