Analyst: The Cetus hackers are withdrawing token liquidity and transferring USDC from the Sui chain to the Ethereum mainnet
May 22, 2025 19:48:07
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ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, in the past 30 minutes, the Cetus hacker address has mainly done two things:
- Withdrew token liquidity;
- Transferred a large amount of USDC from Sui to the Ethereum mainnet (as most of the token pool pairs use USDC as the stablecoin, this portion accounts for a significant proportion).
The analyst stated that the stolen tokens on Cetus have not all been sold off yet, and the recent short-term drop in token prices is mainly due to liquidity withdrawal and emotional panic.
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