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Cetus, Sui’s Top Liquidity Hub, Gets Drained in $260M Exploit—Token Tanks 90%
Cetus, Sui’s Top Liquidity Hub, Gets Drained in $260M Exploit—Token Tanks 90%
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Another day, another crypto heist—this time hitting Sui’s leading liquidity provider, Cetus. The platform got raided for a cool $260 million, sending its token into freefall. Just another reminder that in DeFi, ’trustless’ doesn’t mean ’risk-free.’
Market carnage: The exploit vaporized confidence faster than a meme coin’s utility, with Cetus’ token shedding 90% of its value. Traders got rekt while the attacker presumably sipped a mai tai on a beach somewhere.
Finance jab of the day: Who needs bank robbers when you’ve got smart contract bugs? At least traditional thieves leave a note.
: Updates headline and story with additional details.
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