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Now I'm glad that my attempt to buy AXOL a while ago failed with some undecipherable error.
tldr; Cetus, a decentralized exchange on the Sui blockchain, was reportedly exploited for over $260 million. The attacker converted stolen assets into USDC, bridged $60 million to Ethereum, and purchased 21,938 ETH. The breach caused significant value drops in Sui-based tokens like LBTC, AXOL, and LOFI. Cetus paused its smart contracts and launched an investigation. Binance has offered support to the Sui team. The incident highlights vulnerabilities in blockchain protocols and their impact on token values. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I was just listening to the Dev on Spaces on X, he explained that he's been around the crypto space for a long time, cutting his teeth with ETH, then BSC, then SOL, and now SUI, mainly because he supports the tech behind SUI. They have worm holed $AXOL and that means that people with ETH and SOL can buy $AXOL directly. Opens the market. I see it being BIG! Always DYOR though!