🛠️ $223M “bug” on $SUI ? This wasn’t a glitch — it was a high-speed extraction

🟠On May 22, Sui-based DEX Cetus processed nearly $2.9B in volume — up from $320M the day before. Not because of growth, but because of collapse. Over $200 million drained from pools in hours. The team called it “a bug.” On-chain analysts called it what it is: a full-scale exploit.

🟠Hacken confirmed at least $63M was bridged to Ethereum, including 20,000 ETH in a single transaction. AMLBot tracked $212M moving cross-chain at $1M per minute. That’s not a bug — that’s a strategy. Onchain Lens added that the attacker had full control over all SUI-denominated pools and already started shifting USDC.

🟠Cetus admitted the breach. $223M stolen. $162M frozen. Smart contracts paused. The Sui Foundation and validators stepped in to isolate malicious addresses. But the damage had already been done.

🟠Tokens like LBTC and AXOL lost up to 99% of their value on Cetus. Sui money market Scallop halted all borrowing. This wasn’t a technical hiccup — this was a reminder. Your funds can disappear faster than you can hit “refresh.”

💭 It’s not “just a bug” when $200M vanishes. It’s a wake-up call. If you’re farming on autopilot, you’re not yield farming — you’re bait.

➡️SOPHIE CRYPTO