Cetus Protocol appears to have been attacked, with hackers draining liquidity

BlockBeats News, May 22, Cetus Protocol, the on-chain liquidity protocol on Sui, was reportedly under attack, with a significant drop in liquidity pool depth and price decline in several token pairs on Cetus.

Correction/Report

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Cetus's losses in this event have exceeded the protocol's own TVL and circulating market cap, while Sui has transitioned from a "public chain" to a "centralized permissioned database."

Key Market Intelligence on May 22nd, how much did you miss out on?

1. On-Chain Funds: $12.6B USD Flows into Ethereum this week; $12B USD Flows out of Ethereum 2. Largest Price Swings: $MOONPIG, $MPL 3. Top News: Cetus Protocol Reportedly Under Attack, Hacker Draining Liquidity

On-Chain Activity