Sui (SUI) Based Platform Hacked: How Much Altcoin Amount Lost? – CZ’s Help Statement Came!

While the hacking incidents in the cryptocurrency market never seem to end, a new one was added today.

Accordingly, Cetus, a decentralized exchange (DEX) built on the SUI blockchain, was hacked. The attacker withdrew $11 million worth of SUI tokens from the SUI/USDC pool alone.

Following the hack, DEX Screener reported that many tokens have lost more than half of their value in the last 24 hours, according to Cetus market data, and the liquidity pool is almost empty. Some tokens, such as Lombard Staked BTC (LBTC) and AXOLcoin (AXOL), have lost almost all of their value, according to DEX Screener data. The top 15 tokens have lost more than three-quarters of their price.

According to the information received, the attacker stole many altcoins, including approximately $52 million worth of Sui (SUI), $4.9 million worth of Haedal Staked SUI (HASUI), more than $19.5 million worth of Toilet (TOILET), and approximately $19.5 million worth of wrapped USDt (USDT).

Chinese journalist Wu Blockchain said that the hacker drained token liquidity from various Cetus pools and replaced it with SUI.

The hacker currently owns $150 million worth of altcoins, including $12.989 million SUI (approximately $52 million).

Wu said the hacker then performed cross-chain transactions and exchanged them for Etheruem. Currently, the hacker has over 9,200 ETH (worth around $24 million) and is still exchanging ETH.

Acknowledging the hack, Cetus Protocol said that an incident was detected in the protocol, the smart contract was paused for security reasons, and the incident is currently being investigated.

Cetus Protocol’s token, CETUS, also experienced a massive drop of up to 35 percent and is currently trading at $0.1665.

Support Came From CZ!

While the SUI price fell after the hack, support came to SUI from the cryptocurrency market.

At this point, Binance founder CZ shared, “We are doing our best to help SUI.”

*This is not investment advice.

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