Bitcoin Hits $111K – A $260M Cetus "hack" follows… but the market didn’t care. UP ONLY SEASON 🚀

[Aristocratic]

Just another totally normal day in crypto…

Bitcoin smashes through a new all-time high at $111,861 — cheers BTC maxis.

buuuuuuuuuuuut.......

Cetus Protocol on SUI gets hacked for over $260 million.


Because obviously, we can’t have a Bitcoin ATH without some catastrophic “black swan” to keep everyone in check.


The hacker is already converting the loot to $USDC, cross-chaining to Ethereum, and flipping it for $ETH like it’s just another Tuesday. About $60M in USDC has already made the jump.


Honestly, it's starting to feel like every new BTC high comes with a built-in DeFi apocalypse.

Do you really believe it was a hack or the general crypto exit technique for the big companies?

Honestly, I expected $SUI to tank after the hack — but nope, price wen %2 up lol. The rest of the market didn’t care either.

Seems like its UP ONLY SEASON!

https://twitter.com/x/status/1925515662346404024

https://twitter.com/x/status/1925520316044046809

 

[MisterF]

North Korea hackers, possibly?

 

[Sol]

North Korea hackers, possibly?

It's always North Korea..

 

[Venusaur]

I have been waiting for an altseason for the last 15 months, time to just hide this kind of news and let this shit finally go up

 

[Vix]

Some of these recent hacks are looking a bit too fishy... Someone’s not being loyal.

 

[Venusaur]

Some of these recent hacks are looking a bit too fishy... Someone’s not being loyal.

Weird to say the least
In the end they can just say that it was ''North Korea'' and they are good to continue

 

[Aristocratic]

North Korea hackers, possibly?

Mossad is apparently running North Korean hackers lately lol

I have been waiting for an altseason for the last 15 months, time to just hide this kind of news and let this shit finally go up

Still no signs. I've only been waiting since...

Some of these recent hacks are looking a bit too fishy... Someone’s not being loyal.

#IYKYK

 

[MR.Spuf]

Cetus Protocol on SUI gets hacked for over $260 million.

They had a vote and the SUI network froze 160m, the rest were bridged to ETH

 

[Rem]

It's always North Korea..

if its not NK its china if it aint china its Russia
if it aint russia
its def NK
if it aint NK
its china
...

 

[Duck]

if its not NK its china if it aint china its Russia
if it aint russia
its def NK
if it aint NK
its china
...

it can be other countries too you know.

 

[Aristocratic]

They had a vote and the SUI network froze 160m, the rest were bridged to ETH

Welcome to "decentralization"

 

[MR.Spuf]

Welcome to "decentralization"

Still, I think it's good

 

[Aristocratic]

Still, I think it's good

Arguably, i guess. Most people got into crypto between 2017 and 2021 with the vision of building a decentralized and private financial system. Don’t get me wrong as I’m completely against hacks, scams, and bad actors. But when DEXs like SUI have the power to freeze funds in the name of stopping a hacker, what’s stopping them from doing the same to, say, a country that doesn’t align with certain political interests? Or to individuals who oppose a particular agenda?