Attack on Cetus - tokens on the #SUI network have collapsed by -80%😱

🗣This morning, Cetus - a key liquidity provider (LP) in the SUI ecosystem - was attacked. Following this, most tokens on SUI rapidly plummeted, with some dropping by up to 80%.

The situation is critical: trading of many assets is temporarily impossible, and users are complaining about failures when trying to sell or exchange tokens. The project team has not yet issued an official statement.

The liquidity collapse could have long-lasting consequences for the entire SUI ecosystem, especially if the issue is related to the contracts of Cetus itself. Many users compare the situation to previous incidents in less mature L1 networks.$XRP $BNB