Hack

Cetus Protocol, the largest DEX on Sui, was exploited for $260M through spoof token manipulation. CETUS and Sui-based tokens nosedive as smart contracts are paused.

Bybit suffered a $1.5 billion hack, triggering a massive $4 billion bank run. With withdrawals surging, the exchange raced to secure a loan and recover frozen funds. Here’s what happened and what’s next for Bybit.