Several tokens in the Sui ecosystem have plunged sharply following an incident involving the Cetus Protocol. Tokens like LOFI and HIPPO dropped over 50% within an hour, while CETUS fell 50% on DEXs. Lookonchain reports around $260 million was drained, with $60 million USDC bridged to Ethereum. Cetus confirmed the smart contract has been paused for investigation. Some say it’s an oracle issue, not a typical hack.