According to Ai 姨 (@ai_9684xtpa), Sui network’s largest decentralized exchange, Cetus, has suffered a major exploit with approximately $200 million in assets compromised. The hacker’s address primarily executed two actions in the past half-hour: withdrawing token liquidity and bridging a significant amount of USDC from Sui to Ethereum mainnet, with USDC comprising the largest portion due to its prevalence in Cetus liquidity pools. Notably, the stolen tokens have not yet been fully liquidated on the market. Traders should remain alert to potential large-scale token dumps, increased volatility on Sui-based assets, and possible ripple effects across DeFi and stablecoin pairs, especially those involving USDC. (Source: @ai_9684xtpa on Twitter, May 22, 2025)