Decentralized crypto platform Cetus hit with $223 million hack

About $223 million was stolen from the Cetus decentralized cryptocurrency exchange in an attack on Thursday morning. 

The company initially announced an incident early in the day, telling customers on social media they paused the platform for safety reasons and were investigating the issue before confirming later that an attacker had stolen the funds.

“We took immediate action to lock our contract preventing further theft of funds,” the company said, adding that $162 million of the compromised funds have been successfully “paused.” 

Read more at Recorded Future News