๐จ BREAKING: Major Hack Hits Sui Network โ $29M in $SUI Stolen! ๐๐ต๏ธโโ๏ธ
The biggest LP provider on the Sui Network has suffered a massive exploit, resulting in the loss of 6.27M SUI tokens (~$29M). The attacker bridged the stolen funds to Ethereum and laundered them via Tornado Cash. ๐ช๏ธ๐ธ
Key Details:
๐ฅ Exploit drained $29M worth of $SUI
๐ Stolen tokens moved cross-chain
โ ๏ธ Victim quickly moved remaining assets to safety
๐ Limited on-chain tracking tools made tracing difficult
This incident is a major wake-up call for the Sui ecosystem โ and a reminder for all DeFi users: Security comes first. ๐
Sui is still one of the fastest-growing Layer-1s with over 50M accounts and a $12B+ market cap, but this breach is a serious blow to trust. ๐
How can ecosystems improve their security in 2025?
Share your thoughts below! โฌ๏ธ
