Background Supplement: Sui Ecology – $Cetus Token Launchpad “Oversubscribed by 66 Times”, Binance SUI Loan Annualized Rate Reaches -327%
The large liquidity pool (LP) protocol Cetus on the Sui chain appears to have been compromised by hackers, resulting in a significant outflow of funds from the liquidity pool. According to foreign media reports, over $200 million in liquidity has been affected, with most of the token trading pairs associated with SUI experiencing a decline of over 70%.
Currently, the front-end interface of the Cetus liquidity pool displays severe errors in its calculations.
The native token $CETUS once dropped approximately 18%, reaching $4.90. According to information from Lookonchain, after 7 PM, hackers transferred about $260 million in assets to Ethereum, converting it into ETH.
The hacker’s activity address is: https://intel.arkm.com/explorer/address/0x89012a55cD6b88e407C9d4ae9B3425F55924919b
