Market Analysis Post: SUI-Based Cetus DEX Hacked – Massive Altcoin Dump Rocks the Market
Breaking News: Cetus, a decentralized exchange built on the SUI blockchain, has been hacked in a devastating exploit. The attacker drained over $150 million in tokens, causing major disruptions in the altcoin market.
Key Losses:
$52M in SUI
$19.5M in USDT (Wrapped)
$19.5M in TOILET
$4.9M in Haedal Staked SUI (HASUI)
Liquidity pools for many tokens like LBTC and AXOL were completely emptied. Some tokens lost over 90% of their value.
Market Impact:
Top 15 tokens on Cetus lost 75%+ in value within 24 hours.
SUI is under extreme selling pressure despite broader market strength.
Hacker is actively converting stolen assets to Ethereum, holding over 9,200 ETH (~$24M).
