Web3Risk

BREAKING: $223M Exploit Hits Protocol (Sui) – DeFi Shaken 🚨
Date: June 4, 2025
Impact: One of the largest Sui ecosystem exploits to date.
🔴 What Happened?
A smart contract exploit targeting Cetus Protocol
Attackers drained ~$223M across $SUI , $USDC, and multiple tokens
Exploit stemmed from a combo of smart contract bugs — not just a single point of failure
📉 Market Fallout:
price plunged 40%
$SUI dropped between 7–14% depending on pair
CETUS
0.1362
+1.49%
Sui’s total DeFi TVL dropped by $330M almost instantly
⏸️ Protocol Response:
Cetus paused all activity for containment
Ongoing investigation with help from top security auditors
Funds tracking underway — attacker wallets flagged
🧠 Key Takeaways:
Smart contract security is still a critical weak point in emerging DeFi ecosystems
Even with new chains like Sui, vulnerabilities persist
Trust in Cetus and Sui’s DeFi layer has been severely dented — recovery may take time
🔍 What to Watch Next:
Will Cetus offer refunds or grants for victims?
How Sui Foundation responds (audit funding, new dev standards?)
Reentry opportunities for or post-panic?
📌 Caution: If you're exposed to Sui-based DeFi — review all positions, revoke contract permissions, and stay alert for phishing follow-ups.
#CETUS #SUI #DeFiHack#CryptoSecurity #smartcontracts. #TVL #Exploit #Web3Risk
$CETUS
$SUI

🔴 Hack of $572,000: hackers attacked the Filament exchange

DeFi is under threat again — $572,000 was stolen from the decentralized exchange Filament. This is almost the entire amount of funds stored on the platform. The hackers used order manipulation and withdrew assets via Symbiosis Bridge and FixedFloat.

📌 What happened:

— The exchange halted trading and withdrawals

— Hackers were offered to return the funds for 10%

— Law enforcement and blockchain experts are involved

— Compensations are promised to users of the COMB pool

📉 Impact: negative — trust in DeFi is under pressure. In the first quarter of 2025, the damage from attacks reached $1.98 billion, which is 96% more than a year ago.

📢 Stop chasing the market — start outpacing it 💼

#CryptoNews #BlockchainSecurity #DeFiAttack #FilamentHack #Web3Risk