Nemo Protocol, a DeFi platform built on the Sui blockchain, was hacked for $2.4 million late on Sunday, according to blockchain security firm PeckShield.

The attack preceded scheduled maintenance on the platform planned for Monday and Tuesday.

In a tweet, Nemo protocol stated that a “security incident” had affected its market pool. “We are investigating the matter and have suspended all smart contract activity for the time being. We plan to share when more information becomes available,” it added.

The incident comes during a grim year for crypto security. According to Chainalysis’ 2025 Crypto Crime Mid-Year Update, hackers have already Go to Source to See Full Article
Author: Callan Quinn