🤯 SUI UNDER ATTACK! $260 million in cryptocurrencies from Cetus hacked, shaking the DeFi ecosystem. 🚨📉
Red alert on the Sui network! 🚨 The Cetus protocol, its main decentralized exchange (#DEX ) and liquidity provider, suffered a massive hack this morning, resulting in the theft of approximately $260 million in cryptocurrencies. The attackers used fake tokens to manipulate prices and liquidity reserves, managing to exchange them for real assets like $SUI and $USDC . As an emergency measure, Cetus has paused its smart contracts and is investigating the incident. The impact was immediate: the CETUS token plummeted by 40%, while other memecoins in the Sui ecosystem lost more than 90% of their value. Funds are already being moved to the Ethereum network. This incident adds to a series of recent attacks in the crypto industry, including Coinbase's hack last week and the theft of $1 billion from $ETH on Bybit in February.
🤔 Do you think the security in Sui's DeFi space is vulnerable, or are these isolated incidents that will not affect long-term trust in the network?
