Another Major Breach Hits DeFi 🚨
@CetusProtocol — @SuiNetwork's largest DEX and liquidity provider — was exploited today through an attack that drained $11 million from its SUI/USDC pool. The breach caused significant liquidity disruption and led $USDC on Sui to depeg.
Several Sui ecosystem tokens, including $HIPPO, $LOFI, and $BLUB, dropped over 75% as their pools were emptied. On-chain data shows the attacker bridged assets to Ethereum and converted part of the haul into $ETH. While the initial breach was $11 million, the total estimated loss could exceed $200 million — potentially reaching $260 million.
Early forensics point to a flash loan-enabled oracle manipulation — an exploit vector that bypassed typical contract vulnerabilities and instead targeted how price truth is established on-chain.
This is exactly the class of risk Lunos was designed to address.
Depeg coverage delivers protection when stablecoins lose their footing.
Security Hub equips protocols with exploit simulations and IR tooling before things spiral.
Protection isn’t a patch. It’s a prerequisite. 🛡️