@crockboy
BREAKING šØ
Massive Exploit on Sui Blockchain
Incident Overview
ā Cetus Protocol, the primary Liquidity Pool (LP) provider on SUI, has suffered a significant exploit.
ā Exploiter gained full control over SUI-denominated liquidity pools, resulting in widespread draining of funds.
Financial Impact
ā Initial reports suggest allegedly over $200M in liquidity has been compromised.
ā Exploiter actively bridging USDC off-chain in ~$1M batches.
ā SUI/USDC pool alone drained for approximately $11M.
ā Tokens paired with SUI severely impacted, prices collapsing by 70-90%.
Affected Tokens & Trading
ā Majority of memecoins and tokens paired with SUI severely down (70%-90%).
ā Decentralized Exchange (DEX) swaps compromised, trades failing due to drained liquidity pools.
ā Users unable to buy dips or sell positions on affected pairs.
Market Reaction
ā Severe panic and confusion among holders due to inability to manage positions.
ā Prices on Centralized Exchanges
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