Chain Articles > Blog > Coinbase > SUI loses $1B in market cap, liquidity pools drained within hours of attack

SUI loses $1B in market cap, liquidity pools drained within hours of attack

posted on Mar. 07, 2026 at 3:28 am

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A spoofing attack on Sui’s largest on-chain crypto exchange sent prices of many assets crashing 99% this morning.

Felicity ShortMarch 7, 2026

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