Sui Ecosystem Rocked by $200M Oracle Manipulation Attack on Cetus DEX

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-22 13:47:01

The sui blockchain faces a seismic security breach as attackers exploit Cetus Protocol’s smart contracts, siphoning $200 million from liquidity pools. Spoof tokens were weaponized to distort price calculations, triggering a cascade of liquidations.

Market chaos ensued—Lofi, Sudeng, and Squirtle tokens collapsed 76-97% within minutes, while Cetus’ native token plunged 53%. Forty-six Sui-based assets registered double-digit losses as panic spread.

Forensic analysis reveals the attacker currently holds $164 million in a Sui wallet, with $61.5 million already bridged to ethereum as USDC. Cetus has suspended contracts amid ongoing investigations, though Sui’s native token defied the turmoil with a 2.2% gain.

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