SUI DeFi Platform Cetus Hit by $11M Hack, Threatening Ecosystem Stability

A significant security breach has rocked the SUI blockchain ecosystem. Reports indicate that leading decentralized exchange (DEX) platform Cetus suffered a hack, resulting in over $11 million being drained from the SUI/USDC pool. Cointelegraph and other sources confirmed this alarming news, highlighting a sharp drop of 75% or more for many tokens on the network as liquidity evaporated within hours. The situation has triggered concerns about Cetus’s future, raising questions about its long-term viability in the SUI ecosystem. 🚨 BREAKING: Cetus DEX on $SUI allegedly hacked. The attack left investors and users concerned about a potential systemic impact. 🤯 #SUI #DeFi #Security