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


by Maxwell Mutuma
for CoinEdition
OCEANS/SUI Exploit: Ocean Protocol Responds, SUI Price Surges
  • 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.

Project Team Response

The post OCEANS/SUI Pool Exploited, $115K Drained, But OCEAN Price Holds appeared first on Coin Edition.

Read the article at CoinEdition

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


by Maxwell Mutuma
for CoinEdition
OCEANS/SUI Exploit: Ocean Protocol Responds, SUI Price Surges
  • 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.

Project Team Response

The post OCEANS/SUI Pool Exploited, $115K Drained, But OCEAN Price Holds appeared first on Coin Edition.

Read the article at CoinEdition