Cryptohack Roundup: $223M Cetus Exploit

Also: Mango Markets Hacker's Convictions Overturned, Coinbase Lawsuit Rashmi Ramesh (rashmiramesh_) • May 29, 2025

Every week, Information Security Media Group rounds up cybersecurity incidents in digital assets. This week, a $223M Cetus Protocol hack, a U.S. judge overturned Mango Markets hacker convictions, a class action lawsuit against Coinbase, Cork Protocol's $12M exploit, fake software sites spread crypto stealing malware, a violent crypto-linked kidnapping and Australia launched civil penalty proceedings against the ex-ACX exec.

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Cetus Protocol, a decentralized exchange on the Sui and Aptos blockchains, suffered a $223 million exploit after an attacker exploited a vulnerability in its liquidity pool smart contract. The flaw stemmed from an open-source code package used in its Concentrated Liquidity Market Maker model, allowing manipulation of pool liquidity. The attacker bridged some funds to Ethereum and swapped tokens into ETH and USDC ...