Yesterday, the crypto community was buzzing — what really happened with #Sui ?
🚨 $200M in liquidity left Cetus Protocol, the largest #LP on Sui
An exploit was recorded that gave the attacker full control over the pools based on #sui .
📉 What is known:
— Losses are estimated at $200M+
— $11M was withdrawn only from SUI/USDC
— #USDC is being withdrawn in tranches of ~$1M, then — through Tornado Cash
— Tokens associated with SUI collapsed by 70–90%
🛠️ The team does not call it a hack, but refers to a bug in the oracle.
📌 It is important to understand:
— This is not a problem with the Sui network, but a bug in the code of the Cetus Protocol
— Officials ask not to panic and not to inflate #FUD
$SUI
$ENA
$INIT
🚨 $200M in liquidity left Cetus Protocol, the largest #LP on Sui
An exploit was recorded that gave the attacker full control over the pools based on #sui .
📉 What is known:
— Losses are estimated at $200M+
— $11M was withdrawn only from SUI/USDC
— #USDC is being withdrawn in tranches of ~$1M, then — through Tornado Cash
— Tokens associated with SUI collapsed by 70–90%
🛠️ The team does not call it a hack, but refers to a bug in the oracle.
📌 It is important to understand:
— This is not a problem with the Sui network, but a bug in the code of the Cetus Protocol
— Officials ask not to panic and not to inflate #FUD
$SUI
$ENA
$INIT