By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

BTCRepublic: Timely News & Analysis for Smarter Trading.

  • ABOUT
  • DISCLAIMER
  • CONTACT
New Logo Black BTCRepublic BTCRebpublic-New White Logo
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
    Price PredictionsShow More
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    August 4, 2025
    Ethereum Price Prediction 2024, 2025
    Ethereum Price Prediction 2024, 2025: What to Expect for ETH by 2030
    November 12, 2024
    Bitcoin Price Rises To $78k
    Bitcoin Price Rises To $78k After China Announced Stimulus Packages
    September 24, 2024
    Ethereum (ETH) Surged 15%
    Ethereum (ETH) Surged 15% In 7 Days Despite Whale Selloff
    October 29, 2024
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
    October 29, 2024
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Nemo Protocol Hacked on Sui Network; $2.4 Million USDC Stolen
Share
  • bitcoinBitcoin(BTC)$125,460.72
  • ethereumEthereum(ETH)$4,703.72
  • rippleXRP(XRP)$3.04
  • binancecoinBNB(BNB)$1,217.74
  • tetherTether(USDT)$1.00
  • solanaSolana(SOL)$236.90
  • usd-coinUSDC(USDC)$1.00
  • staked-etherLido Staked Ether(STETH)$4,697.45
  • dogecoinDogecoin(DOGE)$0.268484
  • cardanoCardano(ADA)$0.88
Font ResizerAa
BTCRepublicBTCRepublic
  • Guides
  • News
  • Reviews
  • Price Predictions
Search
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
Follow US
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
© 2025 All Rights Reserved by BTCRepublic.

Home - Altcoins News - Nemo Protocol Hacked on Sui Network; $2.4 Million USDC Stolen

Altcoins NewsNews

Nemo Protocol Hacked on Sui Network; $2.4 Million USDC Stolen

Nemo Protocol experienced a $2.4 million hack on Sui Network, September 8, 2025, with USDC assets stolen and transferred from Arbitrum to Ethereum

Oladapo Timothy
Last updated: September 8, 2025 8:54 am
Oladapo Timothy
Published: September 8, 2025
Share
Disclosure: BTCRepublic provides analysis and forecasts but does not offer investment advice. Our content is for informational purposes only. Please conduct your own thorough research and consult with a financial advisor before making any investment in cryptocurrency.
Nemo Protocol Hacked on Sui Network; $2.4 Million USDC Stolen
Highlights
  • Nemo Protocol lost $2.4 million after Sui network hack.
  • No public comments from Nemo or Sui leaders.
  • USDC was the primary affected asset.

Nemo Protocol experienced a $2.4 million hack on Sui Network, September 8, 2025, with USDC assets stolen and transferred from Arbitrum to Ethereum, PeckShieldAlert reported.

Contents
  • $2.4 Million USDC Theft Exposes Blockchain Vulnerabilities
  • Stablecoin Market Steady Despite Security Concerns

The incident highlights vulnerabilities in blockchain protocols, as no official responses from Nemo or Sui teams emerged, raising concerns over asset security and protocol transparency.

btcrepublic advertise

#PeckShieldAlert @nemoprotocol on @SuiNetwork has been exploited for $2.4M

The hacker bridged $USDC via Circle from Arbitrum to Ethereum. pic.twitter.com/QSB0ec7TZy

— PeckShieldAlert (@PeckShieldAlert) September 8, 2025

$2.4 Million USDC Theft Exposes Blockchain Vulnerabilities

Nemo Protocol experienced a $2.4 million loss, involving USDC. PeckShieldAlert, a blockchain security firm, reported the incident. The attack occurred on the Sui Network, impacting USDC assets specifically. The breach was executed through the Arbitrum-to-Ethereum bridge.

The hack shows ongoing risks linked to decentralized finance infrastructure. Vulnerabilities persist despite previous security improvements in blockchain technologies. Immediate financial exposure concerns persist, affecting USDC liquidity on Sui.

“The incident was first raised by PeckShieldAlert, a blockchain security firm that tracks on-chain exploits.”

Stablecoin Market Steady Despite Security Concerns

Did you know? The $2.4 million USDC loss on the Sui network exposes a vulnerability similar to the Cetus DEX exploit, where extensive recovery actions were seen.

According to CoinMarketCap, USDC remains stable at $1.00 with a market cap of $72.55 billion. The token shows a slight 24-hour and 7-day change at -0.13%. Its dominance in the stablecoin market holds at 1.89%, unaffected by the recent exploit.

usdc-daily-chart-216
USDC(USDC), daily chart, Source: CoinMarketCap

Industry experts suggests potential regulatory developments emphasizing security protocols. Strengthening technological defenses remains key for the sustainable growth of decentralized finance. Enhanced security standards may emerge to protect against similar vulnerabilities.

btcrepublic advertise 2

Avalanche Foundation Prepares Landmark $1B Treasury Deals in the US
Bitwise Crypto ETF Approved by Major Global Bank
Crypto License Applications Soar In Turkey As 47 Firms Seek Approval
Longest Streak Of Daily Net Outflows For US Bitcoin ETFs
Mt.Gox Wallets Moves $2.7B in Bitcoin As Analysts Predict 99% Will Hit the Market
TAGGED:HackedNemo ProtocolSui NetworkUSDC

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
ByOladapo Timothy
Follow:
An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
Previous Article El Salvador marks Bitcoin Day with 21 BTC purchase El Salvador Marks Bitcoin Day With 21 BTC Purchase
Next Article The Psychology of HODLing Insights into Crypto Investor Behavior The Psychology of HODLing: Insights into Crypto Investor Behavior
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular
The Hottest Picks
News
Crypto Miner TeraWulf Raises $3 Billion To Expand Data Centres
September 29, 2025
Crypto InvestmentNews
BTCRepublic Market Pulse For This Week
September 27, 2025
Memecoin NewsNews
Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Reach 1 Dollar?
September 27, 2025
Blockchain NewsNews
Are Layer-3 Networks The Missing Link In Blockchain Infrastructure?
September 26, 2025
- Advertisement -
Ad imageAd image

Follow Us on Socials

BTCRepublic use social media to react to hot news, update supporters and share authentic and factful information

Facebook Twitter Linkedin Telegram Pinterest
Footer Text white background

Subscribe to our newsletter

Stay ahead of the curve with the BTCRepublic newsletter. By subscribing, you will get information about what is happening in the Web3 world straight to your inbox.

More

  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Nemo Protocol Hacked on Sui Network; $2.4 Million USDC Stolen
Share
© 2025 All Rights Reserved by BTCRepublic