$SUI
Massive breach shakes the SUI network
What happened yesterday is not simple
The Cetus protocol on the SUI network was subjected to a major breach, with more than 220 million dollars in liquidity withdrawn.
The hacker exploited a smart vulnerability and deceived the smart contracts with fake tokens, withdrawing the money easily before the contracts were halted.
The SUI team acted quickly and froze around 160 million dollars of the stolen amount, but some amounts were estimated to have escaped to other networks.
Cetus offered a reward of 6 million dollars to anyone who helps them recover the money.
What happened shook the DeFi market on the SUI network, and many tokens associated with the protocol dropped by more than 70 percent in hours.
People started asking whether the SUI network is really decentralized if they can stop and freeze addresses this way.
The situation is sensitive, and the community is watching what might happen next.
Will they recover the money, or will a wave of exits from the protocol begin?
