Sui's Biggest Liquidity Provider Hacked for $223M, Causing Sui-Based Tokens to Plummet

In a major security breach, $SUI largest liquidity provider was hacked for approximately $223 million, sending shockwaves through the ecosystem. The exploit, reportedly executed via a smart contract vulnerability, led to a sharp decline in $SUI -based token values, some dropping over 40% within hours. Developers and security teams are scrambling to contain the damage and trace the stolen funds. This incident has raised serious concerns about $DeFi protocol security and risk management. Investors are calling for stricter audits and transparency, while the Sui community grapples with uncertainty amid the platform’s largest loss to date.

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