Binance Intervenes as $223M Cetus Hack Rocks Sui Network

The sui ecosystem was thrown into chaos following a devastating exploit targeting its top liquidity provider, Cetus, resulting in losses exceeding $200 million. The breach sent shockwaves through the network, causing massive price crashes for popular Sui memecoins and triggering emergency measures from major exchanges like Binance.

Cetus Hack Drains $223M from Sui Network, Binance Steps In to Help

The SUI ecosystem faced a crisis after an exploit targeted its leading liquidity provider, Cetus, draining over $200 million from the protocol. The attack triggered panic across the network, causing popular Sui memecoins like Lofi, Sudeng, and Squirtle to plummet by 76%, 80%, and 97% within an hour. Cetus’s native token also collapsed by 53%.

Data from DEX Screener reveals 46 tokens on the Sui network suffered double-digit losses in the past 24 hours. Binance has intervened to assist in mitigating the fallout, though details remain scarce. Cetus has temporarily paused its smart contracts while the team investigates the breach.

Binance’s CZ Denies Fixer Role in Trump-Linked Crypto Project

Binance founder Changpeng Zhao has dismissed allegations from a Wall Street Journal report that portrayed him as a facilitator for the Trump-connected World Liberty Foreign crypto initiative. The claims, he argues, stem from flawed premises and loaded questions.

Zhao clarified he had no participation in WLF’s operations or ties to the individuals cited. His rebuttal seeks to correct the narrative, emphasizing factual inaccuracies in the original story.

CZ Denounces WSJ Article as Misleading ’Hit Piece’

Binance founder Changpeng Zhao has publicly rebuked The Wall Street Journal for what he characterized as a distorted and intentionally negative report. The critique, delivered via social media platform X, accused the publication of abandoning journalistic standards in favor of provocation.

"Another hit piece from Wall Street Journal," Zhao wrote, invoking Cunningham’s Law to suggest the outlet prioritized controversy over accuracy. The exchange underscores growing tensions between crypto leaders and traditional media outlets.

Pakistan to Launch National Crypto Authority for Digital Asset Oversight

Pakistan is making a strategic push into digital finance with the creation of the Pakistan Digital Assets Authority (PDAA), a new regulatory body backed by the Ministry of Finance. The authority will oversee crypto exchanges, stablecoins, DeFi platforms, asset tokenization, and even regulated Bitcoin mining using surplus national electricity.

Finance Minister Muhammad Aurangzeb framed the MOVE as a bid for leadership in Web3 innovation, not merely catching up to global trends. The initiative follows recommendations from the Pakistan Crypto Council, which counts former Binance CEO Changpeng Zhao among its advisors.

BlockchainFX’s $BFX Token Gains Momentum as Potential ’Binance Killer’ with Daily USDT Rewards

BlockchainFX’s $BFX token is emerging as a dark horse in the crypto space, touted by some as the ’Binance Killer’ for its unique value proposition. The project combines daily USDT payouts with a professional trading ecosystem, fueling presale momentum and community HYPE across Telegram and Twitter.

Unlike typical staking models, $BFX offers no-lockup rewards distributed in both USDT and native tokens—a structure resonating with yield-seeking investors. Analysts note its 2025 ’best crypto’ potential hinges on sustained adoption, though current traction suggests more than just speculative interest.

Cetus Protocol Suffers $223M Exploit on Sui Network, Binance Leads Recovery Efforts

Cetus, a leading liquidity protocol built on the Sui blockchain, was compromised in a sophisticated attack resulting in the theft of $223 million worth of digital assets. The exploit involved manipulation of price oracles through counterfeit tokens, draining legitimate reserves from multiple liquidity pools including the SUI/USDC pair.

The breach triggered a cascading market impact, with 46 Sui-network tokens experiencing double-digit declines. Several Sui-based memecoins faced near-total devaluation, plummeting as much as 97% within hours of the incident.

Binance has emerged as a key responder, potentially deploying its Secure Asset Fund for Users (SAFU) to mitigate losses. Exchange-level intervention appears to be stabilizing affected markets, though the full extent of protocol-level damage remains unconfirmed.