“Well, why does everyone speak literally and their mother about together now?”
If this is you – hey, you know that we got you. Let’s put an end to the pain that you are unaware:
Yesterday, Sui Blockchain witnessed the largest DEFI penetration of 2025.
breakthrough He stole 223 million dollars From CitosThe largest DEX complex on sui.
For your information: This is about 94 % of what the statute was in the total closed value (TVL) the day before. So yes, a very big deal.
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“But … how?” He told you, perhaps.
As I said – don’t worry, we got you.
Attacker Take a defect in CETUS smart contracts – According to HACKENPROOOOOOOOOOOOOOOOOOS CTO ALEX HorlanThus everything fell:
Step 1. Making a garbage symbol looks valuable
The attacker made his own symbol – just a value that has no value called Bulla.
Now, in most Dexs, prices are determined by the number of coins that sit in a gathering. If there are many fatwas and only a little sui (legal symbol), the system assumes that Bulla should be truly valuable – because it is believed that it takes a lot of fatwas to buy a little SUI.
So the infiltrator threw tons of fatwas in the swimming pool and added a little sui. Now mathematics was deceived at the pool price: I think 1 clutches deserve a lot of Sui, when it was in fact, was garbage.
Step 2. Prepare a fake liquidity gathering
Next, use the Bulla infiltrators to create a new liquidity collection – this time it does not add anything almost, which is enough to prepare it.
When someone begins in a new liquidity collection, LP symbols get in return. LP codes are similar to this receipt that shows the percentage of the group you own, and then you can circulate it to get your share of the real codes in the complex.
But the system still believes that the distinctive, fake symbol is very expensive, so when the attacker adds a small part of it in the complex, it is treated like huge deposits. As a result, the infiltrator gets a large number of icons LP – more than he really deserves.
Step 3.
Now armed with these lp codes, the infiltrator begins to remove liquidity – with their LP icons exchange to get real codes from the pool.
Since the regime’s mathematics is shattered by the previous trick, it allows them to continue to withdraw real funds – over and over again – although they hardly put anything real in the beginning.
I know. Crazy things.
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The result was chaos:
Craaazy things.
Sitos hurried to respond:
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All smart contracts are temporarily stopped To prevent more damage;
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I collaborated with the Soy Foundation and About $ 162 million of pirate funds freezed. Unfortunately, the infiltrator had fled about $ 60 million to Ethereum;
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A white hat bonus offered – Up to $ 6 million – if the striker returns.
Which seems to be a very strong response.
But many people went, “Oh … temporary stop. So can money freeze?”
Yes, if someone can stop transactions, this is very similar to the traditional banking system. For a network calling itself decentralization, this is a great red sign.
On the other hand, people love Crypto Sleute Matteo indicated What happened was not central control – the decentralization was at work.
According to him, SUI coordinators from all over the world independently to stop a well -known harmful portfolio. Nobody had made orders, and no one had to ask for permission. They just chose to act.
He said that this is what the real decentralization – is not unable, but the ability to respond together as a network.
Perhaps He was Correct choice. If you can prevent someone from stealing, then why not do that?
But even if this was logical, he left a crack in the idea that only was not completely decentralized.
So yes. And this, friends, is the reason that everyone is afraid of only. The pain of unconscious has been launched.
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You are now aware. But think about your friends – maybe they have no idea. I wonder who can fix that … 😃🫵 Spread the word and be the hero you know! |
