While cyber attacks on the cryptocurrency market seem never-ending, today there was another incident. Accordingly, Cetus, a decentralized exchange (DEX) built on the SUI blockchain, was attacked. The attacker withdrew $11 million in SUI tokens solely from the SUI/USDC pool.
After the hack, DEX Screener reported that many tokens lost more than half their value in the past 24 hours, according to market data from Cetus, and the liquidity pool is nearly empty. Some tokens, such as Lombard Staked BTC (LBTC) and AXOLcoin (AXOL), have lost almost all their value, according to DEX Screener data. The top 15 tokens have lost more than three-quarters of their price.
According to received information, the attacker stole several altcoins, including Sui (SUI) worth approximately $52 million, Haedal Staked SUI (HASUI) worth $4.9 million, Toilet (TOILET) worth over $19.5 million, and Wrapped USDT (USDT) worth about $19.5 million.
Chinese journalist Wu Blockchain reported that hackers withdrew all token liquidity from several Cetus pools and replaced it with SUI. Currently, the hackers hold altcoins worth $150 million, including $12.989 million in SUI (approximately $52 million).
Wu stated that the hacker then carried out cross-chain transactions and exchanged them for Ethereum. Currently, the hacker has over 9,200 ETH (worth approximately $24 million) and is still exchanging ETH. Confirming the attack, Cetus Protocol stated that they detected an incident in the protocol, the smart contract has been paused for security reasons, and the incident is currently under investigation.
The CETUS token of Cetus Protocol has also dropped sharply by 35 percent and is currently trading at $0.1665.
Support from CZ!
While the price of SUI dropped after the hack, SUI received support from the cryptocurrency market. At this time, Binance founder CZ shared: 'We are doing our best to help SUI.'
