<ul><li>Cetus Protocol, the largest DEX on the Sui Network, was hacked for over $260 million, resulting in a loss of funds.</li><li>The hacker drained Cetus's liquidity pool by exploiting a loophole in the protocol, causing a spike in transaction volume.</li><li>The hacker used spoof tokens like BULLA to manipulate the internal LP state, withdrawing SUI and USDC while adding liquidity with near-zero value.</li><li>Following the hack, SUI-affiliated tokens experienced significant crashes, with BULLA falling 60% and CETUS dropping 34%.</li></ul>

Sui Network’s Largest DEX and Liquidity Provider Cetus Hacked for $260M

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