🚨 Red Alert in DeFi: $CETUS suffers devastating attack and drags $SUI down with it!
💸 Losses already exceed US$ 260 million!
URGENT: The largest DEX on the Sui network, Cetus Protocol, suffered a brutal hack that drained more than 💰 US$ 260 million from the liquidity pools — and the impact was immediate! ⚡
What happened?
🧨 An attacker used counterfeit tokens like $BULLA to exploit flaws in price curves and reserve calculations.
🎯 Then, they added almost no liquidity and manipulated the internal LP to withdraw real assets like $SUI and $USDC — without putting in almost anything!
Impact:
🔻 $CETUS dropped more than 40%
💀 Memecoins like $BULLA and $MOJO plummeted more than 90%
💔 All LPs of Cetus were emptied
⛔ Smart contracts paused for safety
Why this is SERIOUS:
Cetus is the backbone of liquidity on Sui.
Without it, the entire ecosystem freezes. Trust vanished in minutes, and the market went into absolute panic.
What to watch for now:
❓ Will the Cetus team restore trust?
🛠️ Will there be compensation for LPs?
⚖️ Will the Sui Foundation take action?
⚠️ Lesson for DeFi:
Security is not a luxury — it is survival.
Without audits, without an emergency plan, chaos sets in within minutes.
The next 24 hours will be CRUCIAL.
⏳ Everything can change, or get worse. Stay alert.
