SuiExposed

Sui under attack: $200M attack on Cetus DEX — what does this mean for the network?

Sui is experiencing the loudest incident in its history: hackers attacked Cetus DEX, the largest DEX in the ecosystem, and withdrew about $200 million. This hit the liquidity pools and temporarily froze swaps.

According to SlowMist and Odaily, the attackers are trying to cover their tracks, but part of the funds has already been tracked. Problems began during an attempt to transfer through cross-chain tools — even mixers did not help.

What does this mean for investors?

A sharp blow to trust in the Sui infrastructure

Potential pressure on the price of the $SUI token

The possibility of intervention by the Sui Foundation for compensation

What’s important now:
— Check participation in pools;
— Do not connect new contracts to the network;
— Monitor the reaction of the team and the community.

If the team cannot handle the crisis, Sui may give way to more stable L1 competitors.

Will this be a turning point for the network or a lesson for the future?
Comment what you think about the incident and whether you trust Sui now.

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