15.10.2025 22:24
Typus Finance, a prominent real-yield infrastructure platform operating on the Sui blockchain, has recently experienced a significant setback due to an oracle exploit. This security breach led to a precipitous 35% decline in the value of the Typus token, following the project's rapid decision to suspend all its smart contracts in an attempt to mitigate further damage. The incident marks a serious challenge for the platform, which prides itself on offering robust decentralized finance solutions.
The platform officially disclosed the exploit on October 15, 2025, confirming that its TLP contract had been compromised through a critical oracle vulnerability characterized by a "lack of authority checks." In immediate response to this breach and prioritizing user protection, the Typus Finance team took swift action by pausing all operational smart contracts. "Approximately one hour ago, our TLP contract was exploited via an oracle vulnerability regarding a lack of authority checks," the team communicated via their official X account, emphasizing the immediate suspension of "ALL Typus smart contracts" to safeguard users.
According to Extractor by Hacken, a renowned on-chain security detector, the exploit facilitated the theft of approximately $3.4 million. The attacker, demonstrating sophisticated tactics, swiftly transferred the misappropriated assets to the Ethereum network before converting them into the DAI stablecoin. Typus Finance typically provides users with opportunities to generate yields through a suite of innovative DeFi products, including DeFi Options Vaults, the principal-protected SAFU strategy, and their distinctive Gamified DeFi offerings like Tails by Typus NFTs, all contributing to the Sui ecosystem's liquidity.
The market's reaction to the exploit was immediate and sharply negative. Despite a broader downturn observed across the cryptocurrency market and within the Sui (SUI) ecosystem, Typus's dramatic price drop was directly attributed to the unfolding news of the security incident. The token's value plummeted from an intraday high of $0.009 to $0.0055, placing it precariously close to its all-time lows recorded in March. As the Typus Finance team declared it was "actively investigating" the situation, receiving emergency assistance from the Sui Foundation, traders quickly offloaded their holdings.
This incident also casts a spotlight on persistent security challenges within the Sui ecosystem. Notably, in May 2025, several tokens on the Sui network suffered significant losses after vulnerabilities within the decentralized exchange Cetus Protocol were exploited, resulting in a staggering theft exceeding $200 million. Such recurring breaches underscore the critical need for enhanced security protocols and continuous vigilance in the rapidly evolving landscape of decentralized finance.
