Sui’s native token began to recover after experiencing a price drop due to the theft of over $223 million from its largest decentralized exchange, Cetus. The token's price fell from $4.18 to around $3.80 before rebounding to $3.89 shortly after the exploit was reported. This incident involved a significant amount of cryptocurrency being drained from Cetus' liquidity pools, with the wallet associated with the attack holding about $37 million in assets previously. The Cetus team is currently exploring recovery options and has paused smart contracts to prevent further damage. Despite the recovery of Sui, other tokens in its ecosystem like Lofi, Sudeng, and Squirtle saw significant declines, indicating ongoing struggles within the broader decentralized finance sector amid a rise in cyberattacks. The DeFi sector had already reported $2.2 billion in stolen funds in 2024, emphasizing the ongoing vulnerabilities within the cryptocurrency landscape.

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