*#CETUS & #SUI Crash After Security Incident 🚨*
A suspected exploit on the Cetus Protocol has led to a massive price dump in both #CETUS and #sui . The attacker reportedly drained over $11 million in SUI from the SUI/USDC pool, causing:
- CETUS to plummet from $0.2572 to $0.1465 (-40%)
- $SUI to drop from $4.20 to $3.65
*Why It Matters:*
- Cetus is a key DEX on Sui, and the exploit has shaken confidence in the ecosystem's stability.
- Liquidity and trading pairs are now at risk.
*What's Next:*
- Official confirmation and response plan from Cetus?
- Community and project response to restore confidence?
- Liquidity recovery or deeper exodus?
*DeFi Takeaway:*
- Security is crucial in DeFi—strong audits and emergency systems are a must.
*Caution Advised:*
- Extreme volatility and fragile sentiment make the next 24 hours crucial for $CETUS
and $SUI
