Summary
- It was reported that SUI's 24-hour trading volume decreased by about 42.82% following the Cetus hacking incident.
- Approximately $223 million in assets were stolen from the decentralized exchange Cetus due to the hacking, with some being frozen.
- The price of SUI fell 5.22% due to the impact of the hacking, giving back a significant portion of the gains made earlier this month.
Following the hacking incident of Cetus (CETUS), the largest decentralized exchange (DEX) based on Sui (SUI), the trading volume of SUI has also plummeted.
According to cryptocurrency media U.Today on the 24th (local time), SUI's 24-hour trading volume decreased by approximately 42.82% after the Cetus hacking incident on the 22nd. The media reported that hackers stole assets worth about $223 million in this attack, of which $162 million was immediately frozen. Currently, Cetus is attempting to recover the remaining assets by offering the hacker a $6 million white hat bounty.
The price of SUI also could not escape the impact of the hacking. As of today, SUI is trading at $3.64, down 5.22% from the previous day. This level has given back a significant portion of the 23% gain recorded earlier this month.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
