From Cointelegraph

May 25, 2025 6:15 PM:

Blockchain security firm Dedaub identified the root cause of the Cetus decentralized exchange hack as an exploit of liquidity parameters, allowing hackers to manipulate values and drain pools containing hundreds of millions of dollars worth of tokens. The incident reflects the trend of cybersecurity exploits impacting the crypto industry. Cetus exchange hacked, causing $223 million in user losses within 24 hours. $163 million of stolen funds frozen by validators and ecosystem partners. Response draws criticisms and allegations of centralization, with decentralization advocates criticizing validators for controlling the chain.

Read more at Cointelegraph: Blockchain security firm releases Cetus hack post-mortem report