SUI DEX Cetus Hacked — $11M Drained, Tokens Crash Over 75%

The post SUI DEX Cetus Hacked — $11M Drained, Tokens Crash Over 75% appeared first on Coinpedia Fintech News

Cetus, a leading decentralized exchange (DEX) on the SUI blockchain, has suffered a major hack. The attacker drained $11 million worth of SUI tokens from the SUI/USDC liquidity pool, causing a sharp drop of over 75% in most token prices. The pool was nearly emptied, severely impacting trading activity. Cetus has confirmed the incident and is actively investigating. Users are advised to stay cautious while updates unfold on the situation. The event highlights ongoing security challenges in the DeFi space.