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๐ฅ How to yeet your entry:
1๏ธโฃ Smash that follow @Splash_protocol (donโt sleep on this) ๐ค
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3๏ธโฃ https://t.co/QSeOpDawoH
Cetus swiftly addressed an exploit by disabling affected pools and working with the Sui community to halt the attacker. The focus now shifts to re-auditing contracts, enhancing monitoring tools, and creating a recovery plan for users.
Cetus has addressed the confusion surrounding an older audit report, clarifying that the MAX_U64 arithmetic issue was unrelated to the recent exploit. This minor optimization recommendation had been resolved in earlier contract updates, ensuring robust security for future transactions.
The Cetus exploit was rooted in a subtle yet critical error within an open-source library used by the CLMM contract. A misconfiguration allowed left-shift operations to exceed proper boundaries, leading to overflow manipulation. This minor oversight had severe consequences when exploited strategically.
The Cetus exploit unfolded as an attacker exploited a flash swap to momentarily suppress token prices in a CLMM pool, revealing a deeper vulnerability in the contract logic. By manipulating an overflow flaw, the attacker injected fake liquidity with minimal deposits and repeatedly drained real assets using unchecked calculations. This precise execution exposed critical flaws in smart contract validation and overflow handling.
Cetus DEX has implemented a recovery plan following a $223 million exploit on May 22. The attack exploited a vulnerability in an open-source library, prompting Cetus to re-audit contracts and enhance monitoring. Collaboration with ecosystem partners is underway to develop a liquidity recovery plan, while Sui validators are urged to support on-chain votes for fund recovery.
Cetus DEX has released a post-mortem report following a $223 million exploit on May 22, revealing a vulnerability in an open-source library used in its smart contracts. The Sui network's swift response, including validators freezing attacker wallets, highlights the importance of robust security measures and community collaboration. Cetus plans to re-audit contracts and assist users in recovering lost funds, underscoring the need for ongoing vigilance in decentralized finance.
Sui - Price: $3.49, 24h: -4.07%, Cap: $11.64B, Vol: $866.11M (-), Dominance: 0.34%
Watch for potential recovery as SUI consolidates after recent declines.
The Sui Foundation has taken decisive action by committing $10 million to bolster network security following the Cetus Protocol breach on May 22, 2025. This breach impacted $223 million in crypto assets, but quick intervention by Sui validators helped freeze $162 million, showcasing an effective security response. Despite a temporary 14% dip in the SUI token's value, this investment underscores the foundation's dedication to enhancing security within the crypto ecosystem.
Ethereum's recent market surge, with ETH trading at $2,567.83 and a 40.52% increase over the past month, highlights its strong performance amid Base Network's upgrades. These developments emphasize Ethereum's resilience and potential for sustained innovation in the blockchain landscape.
Base Network's planned upgrades, targeting transaction speeds of 200 milliseconds and fees under $0.01 by summer 2025, promise to enhance Ethereum Layer 2 user experiences significantly. With a throughput goal of 200 TPS, these improvements address both efficiency and decentralization concerns, aligning with DeFi goals.
https://t.co/nr4LxL0WZf has launched a Beta version with a new points system on the Sui blockchain, creating a dynamic ecosystem for players and developers. This innovative approach, backed by $10 million in seed funding, promises to boost user engagement and platform growth.
In response to a major hack, Cetus Protocol is implementing fund recovery plans to address the $260 million withdrawal from its liquidity pools. The team is exploring legal action, negotiations with whitehat hackers, and community on-chain votes to ensure the full restitution of user funds. This incident highlights the critical need for enhanced security measures and proactive governance in DeFi on the Sui network.
In a swift response to a recent security breach, the Sui Foundation and its validators have frozen $160 million in stolen assets following a major exploit on Cetus DEX. This incident underscores the importance of rigorous smart contract audits and highlights validators' pivotal role in managing crises effectively.
Sui - Price: $3.55, 24h: 1.58%, Cap: $11.85B, Vol: $863.73M (0%), Dominance: 0.34%
The steady climb in SUI's price suggests growing investor confidence and potential for further upward momentum as adoption increases.
Coinbase's Base project is set to revolutionize Ethereum adoption with its ambitious goals of onboarding millions of users and developers. By offering low-cost transfers and seamless integration, Base aims to become a cornerstone in the Web3 landscape. With a focus on decentralization and liquidity expansion, Coinbase is positioning Base as a leader in blockchain innovation.
Base sets its sights on ambitious performance targets, aiming to outpace Solana and Sui by reaching 1 million TPS. While Solana averages around 740 TPS and Sui peaks at 5,414 TPS, Base's goals could redefine blockchain throughput standards. Maintaining low transaction fees aligns it with the cost-efficient models of Solana and Sui.
Base's introduction of FlashBlocks is set to redefine transaction speeds, achieving near-instant results under 200 ms. Currently in testnet trials, this upgrade is expected to launch on mainnet by summer 2025, pushing the boundaries of decentralization through Layer 1 smart contracts.
Coinbase's Base is setting its sights on the future by unveiling a bold scaling plan to rival Sui and Solana, aiming for sub-$0.01 transaction fees and 200 ms confirmation times. By the end of 2025, Base intends to achieve a 100-fold capacity increase, positioning itself as a leader in scalable blockchain solutions.
The recent Mango Markets hack highlights ongoing vulnerabilities in oracle systems, underscoring the urgent need for robust security measures across decentralized exchanges. This incident serves as a reminder of the critical importance of enhanced oracle solutions and fortified cross-chain communications to protect against such exploits.