Author: BlockScout

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Cetus Protocol Hacker Converts $60 Million to Ethereum After $223 Million DeFi Exploit

The decentralized finance (DeFi) ecosystem has been shaken by another significant security incident, with Cetus Protocol falling victim to a sophisticated hack that resulted in losses exceeding $223 million. In a concerning development, the attackers have already begun converting their ill-gotten gains, purchasing approximately $60 million worth of Ethereum (ETH) with the stolen funds.

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