So, it turns out that a whopping $160 million of stolen funds from the infamous Cetus hack are sitting pretty, locked away in the hacker’s account like a bad date you just can’t shake off. But fear not! Recovery efforts are underway, and they’re reportedly 100% recoverable. Who knew hackers could be so generous? 🙄
Meanwhile, the Sui and Cetus communities are in a bit of a tizzy. Contributors are practically begging users to keep their cool and not to panic sell. I mean, who wouldn’t want to sell their assets at a loss during a crisis? It’s like a clearance sale, but for your financial future! 🤑 They assure us that top-notch recovery specialists are on the case, probably wearing capes and everything.
The whole mess kicked off when USDC on Sui decided to depeg, leading to token prices crashing faster than my hopes of a quiet weekend. We’re talking a staggering 99% drop, which wiped out liquidity providers like they were just a bad memory. With a jaw-dropping $260 million drained, this hack is shaping up to be one of the largest DeFi disasters of 2025. It’s like a horror movie, but instead of a killer, it’s just a bunch of numbers disappearing into thin air. 🎃
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2025-05-22 18:08