On May 22, Cetus, a decentralized exchange (DEX) within the Sui ecosystem, suffered a hacking attack that resulted in losses of approximately $223 million. The incident had a significant impact on the entire ecosystem, triggering user panic and directly causing an outflow of funds from the chain. According to on-chain data, the Total Value Locked (TVL) of the Sui network plummeted from a peak of around $2.1 billion to a low of $1.57 billion, a decline of over 25%. The ecosystem as a whole fac...

On May 22, Cetus, a decentralized exchange (DEX) within the Sui ecosystem, suffered a hacking attack that resulted in losses of approximately $223 million. The incident had a significant impact on the entire ecosystem, triggering user panic and directly causing an outflow of funds from the chain. According to on-chain data, the Total Value Locked (TVL) of the Sui network plummeted from a peak of around $2.1 billion to a low of $1.57 billion, a decline of over 25%. The ecosystem as a whole fac...