đ¨ Red Alert in DeFi: $CETUS Hit by Massive Exploit, $SUI Crashes Too!
đ¸ Over $260M Drained in One of the Worst Hacks of 2025
BREAKING: Cetus Protocol â the largest DEX and liquidity provider on the Sui network â has been brutally hacked, with over đ° $260 million drained from its liquidity pools. The market reacted instantly âĄ.
What Happened:
𧨠Attackers used fake tokens like $BULLA to exploit faulty price curves and reserve math.
đ They added near-zero liquidity to manipulate the internal LP state and repeatedly withdrew real assets like $SUI and $USDC â without depositing anything meaningful.
The Fallout:
đť $CETUS crashed over 40%
đ Sui-based memecoins like $BULLA and $MOJO plunged more than 90%
đ All liquidity pools on Cetus were drained
â Smart contracts were paused for security
Why Itâs a Big Deal:
Cetus isnât just another DEX â itâs 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:
â Will Cetus rebuild user trust?
đ ď¸ Any compensation plan for LPs?
âď¸ How will the Sui Foundation respond?
â ď¸ DeFi Reminder:
Security is not optional â itâs survival.
Without solid audits and emergency systems, trust evaporates in minutes.
The next 24 hours are critical.
âł Keep your eyes on $CETUS and $SUI â this could reshape the future of DeFi on Sui.