How a Humongous Sui Hack Turned Smart Contracts into Clocks! ⏰💸

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How a Humongous Sui Hack Turned Smart Contracts into Clocks! ⏰💸

Once upon a time in the wild world of cryptocurrency, a cheeky little thing called Cetus decided to throw a party—only, it was a hacking party, and it stole a whopping $223 million! 🎉💰

On a fateful Thursday, the 22nd of May (a day that shall live in infamy), Cetus, the Sui-based liquidity provider, nervously announced, “Oops! We got hacked!” and promptly hit the brakes on their smart contract, like slamming on the brakes during a rollercoaster ride. 🚫🎢

Fortunately, Cetus managed to rescue $162 million of the loot — a tidy little pile—but the rest was busy bouncing around wallets, many of which got blacklisted faster than you can say “thief!” 🔒🙈

Now, Cetus is teaming up with the Sui Foundation, like heroic knights trying to catch the villain, hoping to recover some pennies and maybe some shiny coins. The Foundation’s validators (the gatekeepers of the cryptoverse) are busy ignoring all transaction requests from those shady wallets—kind of like a bouncer refusing entry to troublemakers. 🕵️‍♂️🚪

“Cetus worked together with the other DeFi protocols, the Sui Foundation, and the Sui validators to collectively protect the ecosystem. A large number of validators identified the addresses with the stolen funds and are ignoring transactions on those addresses until further notice,” Sui Foundation.

Cetus Hack Pause Sparks Online Yells and Eye Rolls

Social media exploded like a soda bottle shaken too hard. Critics shouted, “Hey, if you can pause your smart contract on a whim, isn’t that just fancy centralization in disguise?!” 🤔💥

Meanwhile, the Sui Foundation was caught in the crossfire, with some folks grumbling, “What’s worse? A hacker stealing your money or the validators putting a “Time Out” on your wallet?” 🕰️💣

Neither Cetus nor the Sui Foundation bothered to respond with an apology or an explanation, choosing instead to stay quiet—like a cat that knocked over a vase and then pretends it wasn’t there.

As if that wasn’t enough, the value of Cetus’ token plummeted nearly 40%, slipping from a high-flying $0.25 to a mere $0.155, making investors’ faces look about as happy as a cat in a rainstorm. The Sui token? Down 4%, trading at $3.89, looking just as sad as your leftover pizza after a week.

Crypto hacker stealing coins

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2025-05-22 22:07