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The stolen tokens on Cetus have not been entirely sold off yet, and emotional panic has caused a short-term big dump of the tokens.
Odaily News About $200 million in assets were stolen from Cetus, the largest DEX on the Sui network, and the hacker address has done two main things in the past half hour: Withdrawing token liquidity will transfer a large amount of USDC from Sui to the Ethereum mainnet (because most of the stablecoins used in token pools are USDC, which accounts for a large portion). Have all the stolen tokens on Cetus been sold off? - Not yet. The current short-term drop in tokens is mainly due to the withdrawal from pools and emotional panic.