Attackers attacked the dex Cetus pools on the Sui network. They withdrew $ 11 million from the SUI/USDC liquidity pool, provoking the collapse of most of the tokens by 75% and almost complete deviation of reserves.
🚨 Breaking: Cetus, Main LP Provider dex on $ SuiAllegedly Hacked.
$ 11m in $ Sui DRAined from SUI/USDC Pool, With Most Tokens Down 75%+ As Pools Are Emptied. pic.twitter.com/swkwszgjam
– Cointelegraph (@cointelegraph) May 22, 2025
Cetus is the main liquidity locker for Defi Ecosystems.
Over the past hour, the price of SUI has sagged by almost 5%.
Cetus token collapsed by 30%.
Journalist Colin Wu said that the hacker with the address 0xe28b … E8FF06 derived funds from several Cetus pools and converted them into SUI. Now on his accounts are assets of $ 150 million, including 12.989 million SUI ($ 54 million).
Suiscan Shows That The Hacker: 0xe28b … E8FF06 DRANED TOKEN LIQUIDITY FROM VAROUS CETUS POOLS and SWAPED IT SUI. The Hacker Currently Holds Assets Worth ~ $ 150 Million, Including 12.989 Million Sui (~ $ 54 Million).
– Wu Blockchain (@wublockchain) May 22, 2025
On May 22, the ZachXBT online minor said that an unknown, involved in the theft of $ 300 million with Coinbase Exchange users, exchanged $ 42.5 million in Ethereum Bitcoins via Thorchain.
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Source: Cryptocurrency
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