$SUI

MAJOR ATTACK: 200 MILLION USD "VANISHED" FROM CETUS (SUI NETWORK)! CybersecurityAttack

SHOCKING News from Odaily! Cosine of SlowMist just WARNED on X: Approximately 200 MILLION DOLLARS has been STOLEN from the Cetus project on the Sui Network.

INITIAL INFORMATION:

The hacker is FACING CHALLENGES in converting the stolen money into stable assets (stablecoins) and transferring them across other networks.

Some TRACE of the hacker has been COLLECTED.

OVERVIEW ANALYSIS:

SEVERITY LEVEL: This is an attack of GREAT DAMAGE scale, seriously affecting the Cetus project and possibly the Sui ecosystem.

CHALLENGE FOR THE HACKER: The hacker's difficulty in "money laundering" and moving assets indicates that SECURITY measures and monitoring on blockchains are increasingly improving, as well as COOPERATION between projects and security companies.

RACE AGAINST TIME: The collection of traces of the hacker opens up HOPE for tracking and recovering a part of the stolen assets; however, this will be a CHALLENGING RACE.

LESSON ON SECURITY: This incident once again EMPHASIZES the importance of SECURITY in the DeFi space. Projects need to continuously check and upgrade systems, and users also need to be CAUTIOUS when interacting with protocols.

This is a reminder of the potential RISKS in the crypto market. You all need to closely monitor the developments of this incident.

Thank you for reading this article!

#Write2Earn! #SecurityHack #Cetus #SuiNetwork #DeFi #SlowMist #CryptoNews #tradestories