Cetus Protocol, the largest DEX and liquidity provider on the Sui blockchain, was exploited in an attack that drained over $220 million in tokens by manipulating price curves using spoof tokens. The attacker added near-zero liquidity to deceive the platform’s internal logic and extract real assets such as SUI and USDC. CETUS dropped ~40%, while other Sui-based tokens crashed over 90%. In response, Cetus paused its smart contracts and launched an investigation. Sui’s Chief Product Officer has confirmed that $160 million of the stolen funds have been frozen and will be restored to Cetus liquidity pools soon. Sources: Coindesk and Cointelegraph