Attackers targeted pools on the Cetus DEX on Sui. They siphoned $11 million from the SUI/USDC liquidity pool, triggering price drops of about 75% for most tokens and leaving reserves nearly depleted.
Cetus is the main liquidity provider platform for the DeFi ecosystem.
Journalist Colin Wu reported that a hacker at address 0xe28b…e8ff06 drained liquidity from several Cetus pools and swapped it for SUI. The address currently holds assets worth ~$150 million, including 12.989 million SUI (~$54 million).
On May 22, on-chain sleuth ZachXBT reported that an unknown party linked to the $300 million theft from Coinbase users swapped $42.5 million in bitcoin for ether via Thorchain.
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