Cryptocurrency Chaos! Major Exploit Topples Sui’s DeFi Dream

by

In the dark alleys of the blockchain, thieves crept unnoticed, stripping away the lifeblood of Cetus—the liquidity! Like a thief in the night, they stole what little remained, leaving the tokens to tumble as if from a great cliff. USDC, once stable as a fortress, now trades for fractions of a cent, laughing in the face of prosperity. Some pools shrank to a measly $143K—hardly enough to buy a decent meal, let alone sustain a universe of digital wealth.

“Liquidity providers are losing everything,” bellowed HodlFM, as if narrating a tragedy of epic proportions. “Hackers are draining and dumping tokens like a spoiled child throwing a tantrum, crashing SUI ecosystem coins by a staggering 70–90%! Bravo, hackers, bravissimo! 🎉”

Indicators? Oh yes, they screamed! Someone launched a coordinated strike—assets vanished faster than a conjurer’s rabbit. Trading slowed to a crawl; DEX functions broke down like an old rusty machine. The tokens, poor dear things, lost value faster than a rumor in a tavern—some plummeted a stunning 99.63% in just a day. Screens flickered, transactions dwindled to whispers, and prices played hide and seek in real time—riches evaporate, dreams turn to dust.

Meanwhile, in the opulent towers of centralized exchanges, SUI remains nominally stable—like a drunk monk mumbling prayers. But the decentralized chaos? A war zone! Cetus has gone silent, and users are rushing about, clutching their heads, searching for clarity amid the wreckage.

Cetus, the hero of Sui’s DeFi saga—once a bustling hub of swaps and liquidity farming—now lies battered and broken. The reckless ripple of this exploit threatens to drown the entire Sui DeFi universe—like a stone cast into a still pond, chaos spreads far and wide.

Read More

2025-05-22 15:23