Sui Blockchain Hit by $223M Hack; $162M Secured Amidst Ecosystem Uncertainty

A significant security breach impacting the Sui blockchain has caused a notable drop in liquidity and trading activity. $223 million were stolen from the Cetus Protocol, a major decentralized exchange, but $162 million of the funds have been secured by swift action. 🕵️‍♂️ 🔒 The attacker exploited flaws in Cetus’s code to carry out the heist, highlighting the urgent need for enhanced security protocols within the blockchain ecosystem.