According to Crypto Rover, a hacker has allegedly stolen $475 million in SUI tokens, with funds still actively flowing into the hacker's wallet as of May 22, 2025 (source: Crypto Rover on Twitter). This incident highlights significant vulnerabilities in the SUI ecosystem and raises immediate concerns for traders regarding token security and potential price volatility. Market participants are advised to monitor SUI token movements closely, as ongoing hacker activity could lead to severe liquidity shocks, increased sell pressure, and broader negative sentiment across DeFi and altcoin sectors.

According to @KookCapitalLLC, the recent SUI hack has revealed the Sudeng SUI Hippo scam coin, which is 98% bundled and has no organic holders. The coin is effectively being zeroed out, highlighting one of the worst cabal vampire attacks in crypto history. This incident serves as a major warning for traders about security risks and the importance of due diligence in the SUI ecosystem, reinforcing the need for vigilance against scam coins that can negatively impact the broader cryptocurrency market (Source: Twitter/@KookCapitalLLC).

According to PeckShieldAlert, the exploiter of CetusProtocol has deposited approximately $10 million in stolen SUI assets into SuilendProtocol, likely in an attempt to borrow stablecoins against these funds (source: @PeckShieldAlert on Twitter, May 22, 2025). This movement of hacked funds onto a lending platform raises immediate concerns about increased risk for SUI and related DeFi protocols. Traders should monitor SUI price volatility, potential liquidity drain, and increased scrutiny on DeFi lending platforms, as these events could trigger broader market reactions and raise the risk profile for SUI-backed assets.

According to @cz_binance, Binance is actively assisting the SUI team in response to a recent hack, aiming to mitigate losses and restore network security. This intervention from one of the largest crypto exchanges highlights the seriousness of the incident and strengthens investor confidence in SUI token recovery. Trading volumes for SUI have increased following the announcement, indicating heightened market interest and potential volatility. Traders are closely monitoring SUI price action, as Binance’s involvement is expected to positively influence sentiment and liquidity in the broader DeFi ecosystem. Source: @cz_binance on Twitter.

According to Milk Road (@MilkRoadDaily), Cetus, a major decentralized exchange (DEX) on the Sui blockchain, suffered a significant exploit resulting in over $11 million drained from the SUI/USDC liquidity pool. This breach has triggered a rapid sell-off, with most SUI-based tokens plummeting 75% to 80% in value within hours of the incident. The security breach has led to heightened volatility and eroded trader confidence in the Sui ecosystem, causing SUI trading volumes to spike and liquidity to thin across multiple exchanges. Traders are advised to monitor SUI and related tokens closely, as further downside and contagion risks may impact broader DeFi and altcoin markets. Source: https://twitter.com/MilkRoadDaily/status/1925520489159827816