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SUI Ecosystem Rocked by $260M Cetus DEX Exploit, SUI Price Plummets 15%
SUI Ecosystem Rocked by $260M Cetus DEX Exploit, SUI Price Plummets 15%
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
The sui ecosystem is facing a major crisis after a $260 million exploit targeted Cetus Protocol, its top decentralized exchange. The breach caused SUI’s price to drop 15%, shaking investor confidence and prompting emergency contract freezes.
Hackers used advanced token spoofing techniques, creating fake assets like BULLA to manipulate Cetus’ pricing systems. Blockchain investigators linked the theft to wallet 0xe28b50, exposing deliberate attacks on liquidity weaknesses.
Market makers and protocol developers are now scrambling to contain the damage. This incident highlights critical concerns about security audits and risk management for new LAYER 1 platforms.
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