SuiHack

🚨Update: Cetus Protocol confirmed a $223M exploit.

➡️Immediate action was taken to lock contracts and halt further theft.

➡️$162M in funds successfully paused

➡️Ongoing collaboration with Sui Foundation & ecosystem partners

#sui #Cetus #suihack #SUI🔥 #cetushack $SUI

🚨 260M USDT stolen on Cetus, the Sui DEX Massive hack during a bull run

On May 22, 2025, Cetus, the leading DEX of the Sui network, suffered a major exploit.
More than 260 million dollars were drained through a price manipulation using fake tokens.

📉 Direct impact
– Drop of $SUI : –15%, to 3.81 USDT
– Trust shaken in Sui DeFi
– Quick reaction: smart contracts paused

🛡️ Measures taken
– 160M USDT frozen by the Sui Foundation
– Ongoing investigation to track the attackers
– Strengthening of DeFi security expected

📌 Advice for users
– Avoid interacting with unverified contracts
– Follow the official channels of the Sui Foundation for updates

💬 And you? Still trust in DeFi on Sui or are you withdrawing for now?

#CetusDEX #SuiHack #DeFiSecurity