In December 2024, a major holder on the Sui network lost $29 million worth of SUI tokens in an exploit. The attacker siphoned off 6.27 million SUI tokens, transferred them to Ethereum, and laundered them through Tornado Cash to obscure the trail. Efforts to trace the stolen funds have been hindered by limited analytics tools on the Sui network. This incident highlights the persistent risks facing the blockchain sector, as there has been a pattern of increasing exploits in the space. Despite these challenges, Sui plans to expand its ecosystem in 2025 and become the backbone for finance, gaming, AI-driven agents, and everyday apps.
Content Editor ( beincrypto.com )
- 2025-01-27
Blockchain Sleuth ZachXBT Uncovers $29 Million SUI Token Exploit
