Ocean Protocol

2024

Coin

<ul class="wp-block-list news-points">
 <li><strong>Swift action restored OCEANS/SUI liquidity, rebuilding trust amid suspicious activity.</strong></li>
 <li><strong>Ocean Protocol shows resilience with 1.94% gain despite unauthorized token removal.</strong></li>
 <li><strong>SUI surges 8.96%, highlighting robust market confidence after the OCEANS pool breach.</strong></li>
</ul>
<p>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 <a href="https://coinedition.com/massive-7-5b-ai-token-merger-kicks-off-with-agix-and-ocean/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">OCEANS</a> tokens from the pool, according to PeckShieldAlert data. The address then swapped these tokens for 34,000 SUI, worth roughly $115,000.</p>
<p>The incident, which happened earlier today at 2:15 AM UTC+8, appears to be linked to unauthorized project management actions. The project team took steps to withdraw liquidity and limit further risk.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> The community has reported suspicious activity involving the removal of liquidity from the OCEANS/SUI pool. The address 0x4a7ab2…bed60fc has primarily removed approximately 116.9M <a href="https://twitter.com/search?q=%24OCEANS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OCEANS</a> and swapped them for 34K <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> (worth ~$115K). <a href="https://twitter.com/CetusProtocol?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CetusProtocol</a> <a href="https://twitter.com/SuiNetwork?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SuiNetwork</a>… <a href="https://t.co/0FF6dZv3fh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0FF6dZv3fh</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1861678914453807206?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 27, 2024</a>
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<h2 class="wp-block-heading" id="h-project-team-response"><strong>Project Team Response</strong></h2> … 
<p>The post <a href="https://coinedition.com/oceans-sui-pool-exploited-115k-drained-but-ocean-price-holds/" rel="noopener noreferrer nofollow">OCEANS/SUI Pool Exploited, $115K Drained, But OCEAN Price Holds</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

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

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