Sui Genesis: $160 Million Stolen Funds Frozen and Will Be Returned to Cetus
BlockBeats News, May 22, according to Cointelegraph, Sui developer Mysten Labs co-founder Adeniyi Abiodun stated that $160 million of the over $220 million stolen funds has been frozen and will soon be returned to the Cetus pool.
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."
This is an extremely precise mathematical attack, where the attacker leveraged a vulnerability in the `checked_shlw` function by meticulously calculating specific parameters to gain billions of dollars worth of liquidity at the cost of 1 token.