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BTCC / BTCC Square / CryptoAdventure /
Sui Network Reels as Top Liquidity Provider Gets Drained for $223M—Token Prices Nosedive

Sui Network Reels as Top Liquidity Provider Gets Drained for $223M—Token Prices Nosedive

Author:
CryptoAdventure
Published:
2025-05-23 19:05:18
19
2

Another day, another crypto heist—this time Sui’s backbone liquidity provider got cleaned out. Hackers swiped $223 million, sending Sui-based tokens into freefall. Just when you thought DeFi’s ’trustless’ promise couldn’t sound more ironic.

Market carnage follows the breach

The exploit triggered panic selling across Sui’s ecosystem. Tokens tied to the network tanked as traders scrambled—proof that in crypto, liquidity can vanish faster than a VC’s promises during a bear market.

Who needs bank robbers when you’ve got unchecked smart contracts?

Sui’s Biggest Liquidity Provider Hacked for $223M, Causing Sui-Based Tokens to Plummet

|Square

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