$HAEDAL The liquidity provider for SUI Cetus DEX was exploited as the SUI pools were depleted due to a hack

Cetus DEX is facing exploitation as the SUI pools are running out. The main liquidity provider for SUI has lost liquidity, leading to delays in swaps.

Cetus, one of the main DEXs on the SUI network, is facing exploitation. Users report price anomalies, and data shows that the SUI pools have been depleted. The hack may have originated from the DEX Cetus itself, impacting the liquidity of the SUI token.

Cetus has not announced the exploitation or its origin. The attack was quick and affected the markets within minutes, but prices and liquidity began to recover shortly thereafter.

Hackers targeted the leading liquidity provider for SUI

The initial loss from the attack was estimated at $11M