Sui Chain Explodes! $220 Million Stolen Causes Ecological Earthquake, Official Rewards $6 Million for Recovery!

On May 22, Sui Chain's largest exchange, Cetus, was attacked by hackers, with $220 million liquidity pool being looted, leading to project shutdowns, token crashes, and meme coins dropping over 90% in a single day. At this critical moment, Sui officials froze $160 million of the stolen funds, while Cetus offered a $6 million reward for the hacker to return the remaining $60 million, staging a 'ransom negotiation' in the crypto world.

The Attack Hits Hard: The attacker drained the funds pool within an hour using a vulnerability, causing CETUS to plunge 50%, with ecological coins briefly dropping over 80%. Cetus's locked assets decreased by 30%, leading to significant capital withdrawal and a trust crisis in smart contracts.

Dramatic Turnaround: On-chain 'address freezing' locked most of the stolen funds, but the $60 million transferred across chains exposed security risks, which also became the key to tracking. This operation not only set a record for DeFi recovery speed but also sparked controversy due to 'ransom for assets'.

Aftermath Spreads: SUI tokens dropped 4.5% in 24 hours, with market capitalization shrinking to $12.95 billion, causing panic to sweep through the crypto market. The community is shifting towards decentralized governance to screen projects, and the U.S. Department of Justice may intervene, potentially becoming a regulatory milestone.

Risk Reminder: Beware of Cetus's over 20% slippage trading, use on-chain tools to monitor fund movements, and pay attention to Sui's upcoming security upgrades. This battle to safeguard hundreds of millions in assets is ongoing; click to follow for subsequent developments! #sui链