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TechFlow, May 22 — According to on-chain analytics platform Lookonchain (@lookonchain), Cetus has been hacked, resulting in losses exceeding $260 million. The hacker is converting the stolen funds into USDC and bridging them to the Ethereum mainnet to exchange for ETH. Approximately 60 million USDC have already been transferred cross-chain.
According to on-chain analytics platform Lookonchain (@lookonchain), Cetus has been hacked, resulting in losses exceeding $260 million. The hacker is converting the stolen funds into USDC and bridging them to the Ethereum mainnet to exchange for ETH. Approximately 60 million USDC have already been transferred cross-chain.
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