SUI’s native tokens began to recover after prices fell early on Thursday Over $200 million exploits The largest decentralized exchange of the Layer-1 blockchain, Cetus.
SUI was recently trading at Coingecko’s $3.89 data show. The token, which fell from $4.18 to $3.82 after news of the CETUS exploit broke out on Crypto Twitter, fell 3.7% in the last 24 hours.
mAlicious Actors siphoned $223 million worth of digital assets from Cetus’ liquidity pool. sui I said Thursday in social media posts. The wallet connected to the attack recently held around $37 million in cryptocurrency, Suivision record show.
“The Cetus team is exploring a way to collect these funds and return them to the community, Sui said in a statement that Cetus has suspended its smart contract to prevent further theft.
Exploitation occurs as the decentralized financial sector struggles to survive the rise in multi-million-dollar cyberattacks over the past few years. Chain Analysis Report Defi sector stolen funds totaled $2.2 billion in 2024, indicating a 21% increase from the previous year.
The broader, centralized digital assets trading platform is also suffering from critical infrastructure cyberattacks. February, Crypto Exchange Bybit Maintained a $1.4 billion hackmarks the biggest crypto robbery ever by lost funds.
SUI’s flagship tokens have largely recovered since the Cetus attack, but other digital assets linked to its ecosystem still struggle to trace their losses.
Praise (praise), sudeng (Hippo), and squirtle (Squirting) According to CoinMarketCap, it has recently fallen 15%, 6%, and 91% in the last 24 hours data.
Edited by James Rubin
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