2️⃣ Top Sui DEX Hacked
Early Thursday morning, Cetus Protocol – formerly Sui’s largest decentralized exchange by total value locked – suffered a major exploit that resulted in attackers nabbing $220M in cryptocurrency.

Although Cetus had yet to provide a detailed post-mortem at the time of writing, it appears the attacker took advantage of broken Cetus flash loan smart contract logic, repeatedly adding near-zero liquidity for “spoof” tokens to manipulate LP pair pricing and swapping the valueless assets for SUI/USDC to drain valuable crypto reserves in the process.