In December 2024, a significant hack on the Sui blockchain resulted in the theft of 6.27 million SUI tokens, valued at $29 million. The breach was executed by hackers who bridged the stolen assets to Ethereum and subsequently laundered them through Tornado Cash. The incident highlights ongoing vulnerabilities in cryptocurrency bridges, which have become critical points of exploitation. The Sui network, experiencing rapid growth with a market cap of $12 billion and over 50 million accounts, has attracted attention from both investors and malicious actors. Despite the breach, interest in Sui remains high, with the token gaining traction in the market and being integrated into platforms like Phantom Wallet.
$SUI defi is heating up the market. $SUI has two coins trending atop the Dexscreener charts seems like a flight to quality in this market downturn 💧 https://t.co/csZZQg7wrM
🚨 ALERT: Crypto detective ZachXBT uncovered a December 2024 hack on the Sui blockchain, leading to the theft of 6.27 million $SUI, valued at $29 million. The stolen funds were laundered through Ethereum intermediaries and Tornado Cash. https://t.co/ZhPn0953qX
It's cooking. Bullish on $SUI 🔥 https://t.co/kDe75E7X5q