⚡️ USDC collapsed by 99.7%

In 5 minutes, the stablecoin on the SUI network on Cetus lost its peg to the dollar and rolled down to 0.3 cents.

The reason is that hackers hacked the Cetus DEX, which is the main provider of liquidity pools on the SUI blockchain - many tokens on SUI collapsed by -80%.

Trading is stopped, so you won't be able to buy "stables" for 3 kopecks.