Cetus Hacker Deposits $10 Million SUI into Suilend Platform

A significant development has unfolded in the crypto space, as a hacker affiliated with the Cetus group deposited $10 million worth of Sui (SUI) tokens onto the Suilend platform. This deposit raises concerns about potential money laundering and its impact on DeFi security measures. Blockchain analysis reveals that the Cetus hacker’s intention was to borrow stablecoins using SUI as collateral, a practice known for attracting attention from law enforcement.