SUI Price Drops After $116M DeFi Exploit Shakes Crypto Market

The SUI cryptocurrency experienced significant price declines following a major $116 million exploit in the decentralized finance sector. The security breach has created substantial volatility across cryptocurrency markets, with investors closely monitoring the situation. Market analysts note that such large-scale exploits typically trigger temporary bearish sentiment as traders assess the security implications for DeFi protocols. The incident highlights ongoing security challenges in the decentralized finance ecosystem and their potential impact on related digital assets.