Hold onto Your Hats! The SUI Saga Takes a Twisty Turn! 🎩✨

Well, well, well! It seems our dear friend SUI has decided to do a little jig, with a delightful 3.91% bounce in just 24 hours! 🎉 How, you ask? Well, it all started when the top DEX, Cetus, announced they’ve managed to freeze a whopping $162 million of the $220 million that those pesky hackers snatched away during Thursday’s cheeky smart contract exploit. Talk about a heist worthy of a Hollywood blockbuster! 🎬💰

SUI Price Chart

According to a rather enlightening Q&A update from Cetus, the frozen funds were snugly tucked away within SUI, while the remaining $60 million is off gallivanting in ETH land, far from the ecosystem. 🏝️ But fear not, dear readers! The team has assured us that a grand plan is already in motion, involving the SUI Foundation and a motley crew of other entities, all working together like a bunch of superheroes to recover every last penny! 🦸‍♂️🦸‍♀️

Cetus Announcement

Now, what’s the latest gossip on SUI, you ask? Well, on May 24, SUI decided to spill the beans on X (formerly known as Twitter, but let’s not get into that) about how they managed to freeze those funds. They wanted to ease the worries of folks fretting over the network’s centralization risk. “Each validator has a configuration file that allows it to ignore transactions from a specific address. Adding addresses to this file is at the discretion of each individual validator, and can be reversed at any time,” they tweeted, sounding all very official and important. 📜🔍

So, there you have it! A tale of intrigue, frozen funds, and a dash of drama! What will happen next in the wild world of SUI? Stay tuned, because this rollercoaster ride is far from over! 🎢

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Hold onto Your Hats! The SUI Saga Takes a Twisty Turn! 🎩✨

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