$323M SUI Network Hack: Binance Lends a Hand While DEX Tokens Dive Deep

Sui, the popular Layer-1 blockchain that specializes in merging Web3 with Web2, is bystanding a breach in one of the most popular decentralized exchanges (DEXs). Cetus, a DEX platform native on the SUI chain, saw a $300 million hack, with the hacker drastically draining the DEX’s liquidity. Prominent crypto figures, such as Binance founder Changpeng ‘CZ’ Zhao, have stepped in to offer a helping hand for SUI network developers, who are still grappling with the $290M incident. The hacker got away with the loot to start converting it into Circle USD (USDC), a popular stablecoin. https://twitter.com/cz_binance/status/1925521793231548508 Right now, the

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