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Cetus: The current focus is on recovering the remaining stolen funds, with most of the affected funds already frozen from being transferred

BlockBeats News, May 22nd, Cetus officials stated in a post that, "As of earlier today, we have confirmed that attackers have stolen approximately $223 million from the Cetus Protocol. We have immediately taken measures to lock the contract to prevent further funds from being stolen.


Currently, $162 million of the compromised funds have been successfully frozen. We are collaborating with the Sui Foundation and other ecosystem members to advance the next steps towards a solution, with the goal of recovering the remaining stolen funds.


Most of the affected funds have been paused for transfer, and we are actively seeking ways to recover the remaining portion. This issue is our top priority at the moment, and we will continue to provide the latest updates through this channel. A comprehensive incident report will be published later on."

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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.
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