OCEANS/SUI Pool Exploited, $115K Drained, But OCEAN Price Holds

• Swift action restored OCEANS/SUI liquidity, rebuilding trust amid suspicious activity.
• Ocean Protocol shows resilience with 1.94% gain despite unauthorized token removal.
• SUI surges 8.96%, highlighting robust market confidence after the OCEANS pool breach.

The OCEANS/SUI liquidity pool experienced suspicious activity, raising concerns in the crypto community. An address identified as 0x4a7ab2…bed60fc withdrew approximately 116.9 million OCEANS tokens from the pool, according to PeckShieldAlert data. The address then swapped these tokens for 34,000 SUI, worth roughly $115,000.

The incident, which happened earlier today at 2:15 AM UTC+8, appears to be linked to unauthorized project management actions. The project team took steps to withdraw liquidity and limit further risk.

#PeckShieldAlert The community has reported suspicious activity involving the removal of liquidity from the OCEANS/SUI pool. The address 0x4a7ab2…bed60fc has primarily removed approximately 116.9M $OCEANS and swapped them for 34K $SUI (worth ~$115K). @CetusProtocol @SuiNetwork… pic.twitter.com/0FF6dZv3fh

— PeckShieldAlert (@PeckShieldAlert) November 27, 2024

Project Team Response

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