Sui Network has added a whitelist function to prepare to return stolen funds to Liquidity Providers, with $63 million of the stolen $220 million reportedly bridged to the Ethereum network.
A decentralized exchange on the Sui blockchain network, Cetus, was hacked, resulting in a loss of $223 million, and efforts are being made to recover the frozen stolen money.
Hacker exploited smart contract code to drain funds, leading to the pause of the smart contract to prevent further losses; concerns raised by SUI community members regarding network's decentralization.
Occurrences of hacking have impacted SUI price, which declined to $3.6 but later rose to $3.8; interest from traders increased as daily trading volume surged by 66% following the incident.