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SUI Blockchain Reels as Cetus DEX Loses $260M in Exploit—Recovery Efforts Underway
SUI Blockchain Reels as Cetus DEX Loses $260M in Exploit—Recovery Efforts Underway
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
The sui blockchain experienced a major disruption when its leading decentralized exchange, Cetus, was exploited for $260 million. The attack utilized counterfeit tokens and manipulated liquidity curves, sparking a panic sell-off that shook market confidence. Despite a spike in trading volume, SUI’s price declined, highlighting divided sentiment on its rebound potential.
Cetus temporarily suspended trading but has since reopened with enhanced security audits and protocol fixes. Importantly, the Sui network’s Core infrastructure remained secure, and recovery teams successfully froze $160 million in compromised assets. This incident highlights persistent DeFi vulnerabilities while showcasing layer-1 blockchain resilience in crisis response.
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