Cetus Protocol, SUI community’s largest decentralized trade (DEX) and liquidity supplier, has suffered a large $260 million hack. The SUI worth is down practically 15% and is presently buying and selling at $3.81. Binance founder CZ has promised his assist and warranted traders he’s doing all he can. SUI’s Cetus Hit by $260M Hack: Particulars As revealed by Lookonchain, Sui’s Cetus DEX has been exploited by a hacker, whose pockets handle is recognized as “0xe28b50.” Reportedly, the attacker holds over 12.9 million SUI, valued at about $54 million. Lookonchain additional uncovered that the attacker is laundering the stolen funds by changing them to USDC. Later, they transferred roughly $60 million price of USDC to the Ethereum blockchain, the place they’re being exchanged for ETH. Analyst Ted additionally confirmed that the hacker has already purchased $60 million price of ETH tokens. Following the incident, the Cetus staff has paused its sensible contracts and… Read More at Coingape.com
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