Suihack

🛑 𝐂𝐞𝐭𝐮𝐬 𝐚𝐬𝐤𝐬 𝐒𝐮𝐢 𝐭𝐨 𝐫𝐞𝐰𝐫𝐢𝐭𝐞 𝐟𝐚𝐭𝐞: 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐯𝐨𝐭𝐞 𝐜𝐨𝐮𝐥𝐝 𝐫𝐞𝐜𝐨𝐯𝐞𝐫 $𝟏𝟔𝟐𝐌 𝐡𝐚𝐜𝐤𝐞𝐝 𝐟𝐮𝐧𝐝𝐬!

✅ Cetus DEX suffered a $223M exploit on Sui
✅ Now launching a vote to force-reclaim $162M in frozen hacker funds
✅ Aims for 100% user reimbursement via a loan from the Sui Foundation
✅ Recovery depends on a protocol-level upgrade approved by the Sui community

🔓 What’s the Plan?

• Cetus proposes a hard-coded fix that bypasses hacker wallets
• Funds will be transferred to a secure multisig wallet
• Requires no hacker signature — just community consensus
• Supported by Cetus, Sui Foundation, and OtterSec

🗳 Voting Breakdown:

• Vote opened: May 27, 1 PM PT
• Needs:
🔸 50%+ stake participation
🔸 Majority YES votes
• Status so far:
🟢 37.3% = YES
🔴 0% = NO
⚪ 62.7% = Undecided
• Vote may close early if the outcome becomes locked

🛠 How the Hack Worked:

• Exploit in overflow logic allowed hackers to manipulate liquidity
• $61.5M already bridged to Ethereum
• Remaining funds frozen on Sui chain
• Post-mortem confirms flaws in oracle + AMM design

📈 Market Response:

• SUI dropped from $4.18 to $3.82 after exploit
• Now rebounding — up 6.9% to $3.70 (CoinGecko)

🌐 Cetus says recovery is fully funded — all they need is the greenlight from Sui.
Will the community step up and rewrite the chain?

👇 Drop your vote or thoughts in the comments!

#Cetus #SuiHack #DEXRecovery #Web3Security #BinanceSquare

🚨 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

Weekly Summary: Bitcoin Hits Record High, Sui Hack of $260 Million, and US Stablecoin Legislation

Bitcoin Sets New Peak
Bitcoin recorded a new all-time high this week, surpassing the $110,000 mark, driven by massive inflows into ETF funds and improved overall market confidence.

Sui Hack Raises Widespread Concerns
The Cetus platform on the Sui network suffered a massive hack totaling $260 million, raising concerns about the security of decentralized protocols and the role of developers in controlling assets.

US Legislation on Stablecoins
The US Congress is discussing a new bill to regulate stablecoins, indicating a more stringent official approach towards the digital currency sector.

Additional Events
• Meta considers launching its own stablecoin
• DOGE and SHIB see significant increases
• XRP's rise continues to attract attention

#BitcoinATH #SuiHack #StablecoinBill #CryptoNews
#CryptoNews #suihack #Stablecoins #SUI🔥
$SUI