According to Crypto Rover, Cetus, the main liquidity provider decentralized exchange (DEX) on the Sui network, was allegedly hacked, resulting in the loss of $11 million in SUI from the SUI/USDC pool. Most tokens on the platform have plummeted by over 80% as liquidity pools are emptied. This major security breach has triggered a sharp sell-off in SUI and related assets, raising serious concerns about trust and safety across the Sui ecosystem. Traders should closely monitor SUI price action and liquidity on decentralized exchanges, as the incident may create heightened volatility and influence cross-chain DeFi protocols. Source: Crypto Rover on Twitter, May 22, 2025.