White Hat Recovers $1.8M From DeFi Exploit, Pepeto Exchange Nears Launch as Chainlink and SUI Struggle

White Hat Recovers $1.8M From DeFi Exploit, Pepeto Exchange Nears Launch as Chainlink and SUI Struggle

N
News Editor 01
2026-07-22 18:05:13
White hat Duha salvaged $1.8M from the Foom Cash exploit within hours, while crypto ETPs saw $1B+ inflows. Pepeto presale hit $7.4M with exchange launch imminent; Chainlink sits at $9 and SUI below $1.
PepetoChainlinkSUIwhite hatcrypto ETP

A white hat hacker known as Duha spotted a flaw in the Foom Cash protocol on Base and secured $1.8 million before attackers could drain more, according to Reuters. On the same day, crypto ETPs recorded weekly inflows exceeding $1 billion, with US spot Bitcoin ETFs taking $787 million. CoinShares noted client conversations have shifted from exit strategies to entry point identification, signaling smart money is no longer debating whether to buy but where to deploy for the highest return.

Pepeto Presale Reaches $7.4M, Exchange Almost Live

Pepeto, a project tackling fragmented high-fee exchanges and broken cross-chain bridges, has raised $7.4 million in its presale. The team is backed by the original co-founder of the PEPE token that once hit a $2 billion market cap. The upcoming Pepeto exchange will handle all cryptocurrencies, funneling trading fees and volume directly back into the token — creating a feedback loop where usage drives price rather than speculation alone. Early stakers earn 209% APY during the wait, compounding returns before the exchange goes live.

Chainlink Drops to $9 Despite Strong Fundamentals

Chainlink trades near $9, down 43% from its 2025 highs. Its CCIP protocol recently enabled cbBTC bridging from Base to Monad, yet the token price remains tied to the broader market downturn. CoinMarketCap data shows 95% of Coinbase users are buying, but the bullish case targets $25 by early 2027 — roughly 3x. Solid for a blue chip, but limited when a presale entry at six zeros with built-in exchange revenue is available at the same time.

SUI Falls Below $1 Amid ETF Review and Privacy Roadmap

SUI is currently trading at $0.94. The SEC is advancing a spot ETF review, and the network plans protocol-level privacy features by 2026. However, the token has tumbled from $5 to below $1 since early 2025, stuck below its 50-day and 200-day moving averages. Even the most optimistic forecasts point to $1.05–$1.15 by mid-March, a 15% bounce at best.

Chainlink and SUI remain legitimate projects with strong teams, but at $9 and $0.94 their returns depend on the broader market aligning. The $7.4 million raised in Pepeto shows early capital has arrived, and the presale price locked today will never exist again once the exchange opens and trading volume starts driving real demand.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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