Sui’s Top DEX Bleeds $200M in Oracle Exploit—DeFi’s ’Trustless’ Myth Takes Another Hit
Another day, another nine-figure crypto heist—this time targeting Sui’s flagship decentralized exchange. Hackers pulled off a classic oracle manipulation attack, exploiting price feeds to drain funds while the protocol’s ’smart’ contracts played along.
The $200M breach exposes the dirty secret of DeFi: the more complex the system, the juicier the attack surface. Auditors will blame ’code vulnerabilities,’ but let’s be real—when the house always wins, someone forgot to tell the hackers.
As Sui devs scramble to patch the hole, traders are left wondering: if centralized exchanges keep getting hacked and decentralized ones keep getting exploited, where exactly are we supposed to park our bags? Maybe that ’FDIC-insured’ savings account isn’t looking so prehistoric after all.
