Here’s what happened in crypto today
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Sui-based decentralized exchange (DEX) Cetus is suspected to have been exploited, with onchain data showing rapid asset drainage despite the team claiming the incident is a “bug.” Bitcoin has topped $110,000 for the first time and continues to climb, and the Texas House passed a Bitcoin reserve bill.
Cetus, a decentralized exchange (DEX) built on the Sui blockchain, is suspected to have been hit by a massive exploit that may have drained more than $200 million worth of digital assets.
Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” They also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours.
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