$200 million in total has been withdrawn from the Sui ecosystem.
The largest liquidity provider (LP) on the SUI network was hacked.
$200 million in total has been withdrawn from the ecosystem.
Here’s what’s happening in detail 🧵
(1/7)
This morning, the Cetus protocol, the main liquidity provider on the Sui network, was hacked.
More than $200 million in liquidity has been drained.
The hacker fully seized the pools built on the SUI currency and began draining them continuously without stopping.