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Cetus, a decentralized exchange (DEX) on the Sui blockchain, has suffered a major exploit resulting in a $260 million loss. The attacker converted stolen assets into USDC and bridged $60 million to Ethereum, triggering a collapse in Sui-based token values.
- The attacker converted $260M in stolen assets into USDC and bridged $60M to Ethereum.
- Sui-based tokens like LBTC and AXOL lost nearly all value post-exploit.
- binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance extended support to the Sui team following the security breach.
📎 Related coverage from: cryptopotato.com