⚡️ #USDC collapsed by 99.7%
In 5 minutes, the stablecoin in the network #SUI on Cetus lost its peg to the dollar and dropped to 0.3 cents.
The reason — hackers breached the DEX Cetus, which is the main provider of liquidity pools on the SUI blockchain — many tokens on SUI plummeted by -80%.
Trading is halted, so buying "stables" for 3 kopecks won't be possible.