SUI’s $220 Million Crypto Hack Fuels Centralization Backlash
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Cetus Protocol’s announcement on X that “an attacker has stolen approximately $223M” from its liquidity crypto pools set off the loudest governance controversy in Sui’s short history. The team wrote that it had “took immediate action to lock our contract preventing further theft of funds,” adding a reassurance that “$162M of the compromised funds have been successfully paused. … We are working with the Sui Foundation and other ecosystem members right now on next-step solutions” and promising “a full incident report.”
Crypto Community Erupts After SUI Exploit
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