More Than $260M Hack on Sui — Hacker Moves Funds via USDC and ETH 🚨

Cetus Hack Wrecks Sui Tokens: $11M Stolen and Prices Tank! 😭

The image below shows a bunch of tokens paired with $SUI on the Sui blockchain, and it’s a mess. This ties to the Cointelegraph post from earlier today (May 22, 2025, at 11:08 UTC) about Cetus, a major decentralized exchange (DEX) on Sui, getting hacked. Hackers drained $11M worth of $SUI from the SUI/USDC liquidity pool, and as a result, most tokens in the table—like AXOL, SUIRI, and SQUIRTLE—are down 75% to 92% in just 24 hours. For example, AXOL’s price is now $0.00003554, down 92.5%, and SUIRI dropped 82.83% in a day. The table also shows stuff like market caps (e.g., $109K for AXOL) and holder counts (e.g., 157 for AXOL), highlighting how small and vulnerable these tokens are. Web results add context: Cetus’s own site warns about risks in liquidity.raise pools, and a Chainalysis report from February 2025 says DeFi hacks have already cost $1.34B in 2024 alone. Sui’s price had been looking good before this, with a 50-day SMA of $3.03, but this hack is a big blow.

Man, this hack is a disaster for anyone holding these tokens—losing 75%+ of your value in a day is rough! It’s no shock though; DeFi is still a wild west, and with Cetus’s own warnings about risks, this kind of thing feels almost inevitable. I feel bad for the small investors who got burned here, especially since these tokens don’t have big market caps to weather the storm. That said, the crypto space always has opportunists—some replies to the post were like, “Time to buy the dip!” I get the logic, but I’d be super careful. The Sui ecosystem might recover since it’s been growing, but right now, this looks like a total dumpster fire. If you’re thinking of jumping in, maybe wait until the dust settles and Cetus shows they’ve fixed their security.

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