Cetus Protocol (largest DEX on the Sui Network) was hacked for $223M, the team has "frozen" $162M. The hacker (wallet 0xe28b50) still holds ~$137M $SUI. According to information, the hacker group has swapped to USDC and bridged to ETH

Liquidity on the Sui system has been heavily impacted, causing the price of the entire SUI ecosystem to drop sharply.

$CETUS Decreased ~50% on DEX

$SUI Decreased >50% on DEX

$LOFI & $HIPPO decreased >50%,

However, prices on CEX have decreased but are more stable.

#CetusHack #SuiNetwork #CETUS