Typus Finance Faces Major Setback Due to Oracle Exploit
In a significant setback for users of Typus Finance, a real-yield infrastructure platform operating on the Sui network, the project has fallen victim to an oracle exploit, resulting in a staggering 35% decline in the value of its Typus token (TLP). This incident was reported by the company’s team on October 15, 2025, highlighting a security breach linked to the TLP contract that stemmed from a vulnerability related to authority checks. To safeguard its users and mitigate further damage, Typus Finance implemented an immediate suspension of all its smart contracts.
“About an hour ago, we experienced an exploit of our TLP contract through an oracle vulnerability that lacked adequate authority checks,” stated Typus Finance on platform X. “In light of this, we have PAUSED ALL Typus smart contracts to protect our community.”
Impact of the Exploit
The hack has been estimated by Hacken’s on-chain security tool, Extractor, to have siphoned approximately $3.4 million in assets. The malicious actor subsequently bridged the embezzled funds to Ethereum and converted a portion into DAI stablecoin. The stolen assets were transferred across networks using CCTP (Cross-Chain Transfer Protocol), raising serious concerns among users and investors alike.
Typus Finance’s Offerings
Typus Finance distinguishes itself by offering a robust yield-generating framework through three main products focused on decentralized finance (DeFi). Users of the platform can engage with gamified DeFi offerings, including:
- DeFi Options Vaults
- SAFU strategy that promises principal protection
- Tails by Typus NFTs
Market Reaction and Broader Trends
The immediate aftermath of the exploit saw a sharp decline in the Typus token’s value, with the price dropping significantly from $0.009 to $0.0055, leading traders to worry about potential further losses to previously established record lows. This downturn in Typus Finance mirrors broader downward trends across the cryptocurrency landscape, particularly affecting the Sui (SUI) ecosystem amidst fears of repeated vulnerabilities.
Historical Context of Security Issues
This is not the first occasion Sui ecosystem tokens have experienced devaluation due to security exploits; earlier in May 2025, multiple tokens saw their values plummet following a hack that compromised the decentralized exchange, Cetus Protocol, resulting in the theft of over $200 million and the suspension of Cetus’ smart contracts. The repercussions of these security incidents affect not only Typus Finance but also create waves across associated projects including Lofi and Sudeng as they navigate the aftermath.
