Cetus Protocol Hacker Moves 24 Million SUI Tokens

A hacker exploited the Cetus Protocol, moving a significant portion of its native SUI tokens – approximately $96 million – to a newly created address. This move follows an ongoing investigation into the hack, which impacted investor trust and triggered a noticeable drop in the SUI token price. 24 million SUI tokens were affected by this transfer. 80% of trading on several exchanges was halted during the incident as Cetus Protocol suspended operations to recover funds and identify the cause of the exploit.