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.

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Protection isn’t a patch. It’s a prerequisite. 🛡️