#17 Sui Chain's Most Expensive Hacking: A $223 million lesson

On May 22, the head DEX on the Sui chain, Cetus, was hacked. The hacker spent only 1 token to move $223 million away from the fund pool. This is the worst security incident in Sui Chain's history. It exposed the fatal vulnerability of smart contracts and also caused discussions about Sui Chain's not "decentralized" enough. In this issue of "Hello Bitcoin", we will take you to review the entire attack process and talk about the reflections behind the incident. This episode was recorded on May 26, 2025⏰Timeline: 04:30 How did hackers attack Cetus DEX? 10:37 Why did the hacker withdraw only 15 million tokens? 12:29 What remedial measures did Cetus project party take? 27:38 How important is code auditing in blockchain projects? 36:41 Cetus was stolen and blamed the Move programming language? 📝 Related links for this issue: You may be interested in: "Easy listening to Bitcoin White Paper in 40 minutes" https://youtu.be/gBUupXQ3Wv0 Listener group: https://t.me/hibitcoinnn 🐼Anchor: Allen Former English teacher who understands global travel best Tbag Programmer who understands blockchain investment more 🙌🏻 Come to us: X｜Twitter: Hello Bitcoin Listener group: Hello Bitcoin Listener group WeChat Listener group: ➕web3girll