Massive Hack Hits Sui DEX, $162 Million Stolen in Security Breach

A significant security breach has rocked the Sui blockchain ecosystem, leaving users and investors reeling from a theft of over $162 million. The Cetus DEX experienced a large-scale attack which exploited vulnerabilities within its smart contracts, resulting in a loss of approximately $223 million. In response to the incident, the Sui community took swift action by freezing $162 million to mitigate further losses.