🚨 $220M HACK HITS CETUS! SUI Network in Crisis! 😱

$SUI

On Thursday, an attacker exploited smart contract vulnerabilities in the Cetus DEX, stealing $220 million by deploying fake tokens to manipulate price data and drain liquidity pools.

💥 Impact:

Lofi crashed 76%

Hippo plunged 81%

USDC on Sui depegged to ZERO briefly

🔧 In response, SUI:

Introduced a whitelist function to bypass security checks for approved transactions

Launched a restore module with system-level privileges

Added its fix transaction to the whitelist

⚠️ This event raises serious concerns about on-chain price oracle security and DEX vulnerability on newer chains like Sui.

💬 What are your thoughts — will this shake investor confidence in the Sui ecosystem?

#Cetus #SUI #DeFiHack #USDC #CryptoSecurity #Altcoins #Hacked #BinanceSquare