Cryptocurrency blockchain Sui lost $ 29 million due to hacker attack

In December 2024, the Sui blockchain suffered a hacker attack that resulted in the theft of 6.27 million SUI tokens totaling about $ 29 million. This was reported by crypto detective ZachXBT. According to him, the attackers transferred the stolen funds from the Sui blockchain to the Ethereum network through intermediaries, and then divided them into parts and sent them to the Tornado Cash cryptomixer.

ZachXBT noted that after the theft, the affected party transferred its .sui domains to a new, secure address. However, the limitations of the Sui blockchain’s analytical tools make it difficult to trace the stolen funds.

This is not the first incident to hit the Sui blockchain in 2024. In November, the network faced a technical failure, which resulted in no new blocks being processed for two hours. Earlier in October, the Sui team was accused of insider trading worth $ 400 million, but the developers denied the allegations.

Cryptocurrency crime remains a serious problem for the industry. According to a report by Chainalysis, the volume of illegal transactions reached $ 41 billion in 2024. Experts emphasize the need to improve security and analytical tools in blockchain technologies.