Summary
- It was reported that the Sui-based decentralized exchange Cetus was hacked, resulting in damages exceeding $200 million.
- It was revealed that the hacker took control of most of the SUI-based liquidity pools through repeated attacks.
- The stolen assets are being converted into USD Coin (USDC) and moved.
It has been reported that the Sui (SUI) ecosystem's decentralized exchange (DEX) Cetus (CETUS) has been hacked. The estimated damage exceeds $200 million.
On the 22nd (local time), on-chain analyst Onchain Lens stated on X (formerly Twitter), "Cetus has been exposed to repeated hacking, and the attacker has taken control of most of the SUI-based liquidity pools."
They further reported, "The hacker is converting the stolen assets into USD Coin (USDC) and moving them," adding that "the total damage exceeds $200 million."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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