🚨 Red Alert in DeFi: $CETUS Hit by Massive Exploit, $SUI Crashes Too!
💸 Over $260M Drained in One of the Worst Hacks of 2025
BREAKING: Cetus Protocol — the largest DEX and liquidity provider on the Sui network — has been brutally hacked, with over 💰 $260 million drained from its liquidity pools. The market reacted instantly ⚡.
What Happened:
🧨 Attackers used fake tokens like $BULLA to exploit faulty price curves and reserve math.
🔁 They added near-zero liquidity to manipulate the internal LP state and repeatedly withdrew real assets like $SUI and $USDC — without depositing anything meaningful.
The Fallout:
🔻 $CETUS crashed over 40%
💀 Sui-based memecoins like $BULLA and $MOJO plunged more than 90%
💔 All liquidity pools on Cetus were drained
⛔ Smart contracts were paused for security
Why It’s a Big Deal:
Cetus isn’t just another DEX — it’s the liquidity backbone of the Sui ecosystem.
When it breaks, the whole network shakes. Trust has been shattered, and panic is spreading fast.
Key Questions Now:
❓ Will Cetus rebuild user trust?
🛠️ Any compensation plan for LPs?
⚖️ How will the Sui Foundation respond?
⚠️ DeFi Reminder:
Security is not optional — it’s survival.
Without solid audits and emergency systems, trust evaporates in minutes.
The next 24 hours are critical.
⏳ Keep your eyes on $CETUS and $SUI — this could reshape the future of DeFi on Sui.