Blockchain security firm releases Cetus hack post-mortem report

Quick Summary:

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code "overflow" check.

The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry.  Executives in the industry have continually warned that industry firms must establish safeguards and protect users before regulators clamp down and impose safeguards on the industry.The flawed MSB check.

Cetus and the Sui Foundation also announced that Sui network validators froze a majority of the stolen assets.$163 million of the $223 million was frozen by validators and ecosystem partners on the same day as the hack, according to the Cetus team.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets: United States

Topics: Liquidity Million Cetus Network Stolen Validators Hack $223 Blockchain Industry User

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-25 @ 23:15:51 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28964650

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 12 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions