cetus
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🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 PROTECT YOURSELF BEFORE IT’S TOO LATE
Did you see what happened with $CETUS ?
Over $220 MILLION hacked!
And as always… those who didn’t secure their crypto lost EVERYTHING ❌💸
The solution? Simple:
Use a hardware wallet 🔐
Don’t leave your coins on exchanges or apps.
Your security starts with you. ⚠️
Here are some wallets that actually work:
Trezor One simple, reliable, great for beginners 🟢
Ledger Nano S Plus perfect if you hold multiple cryptos 💼
Ledger Flex advanced and compact 🚀
Steel backup plates for storing your keys offline, fire & water resistant 🔥💧
Don’t wait until it’s too late.
Remember:
“Not your keys, not your coins.” 🔑❌
Protect your assets like they’re worth millions…
because one day, they might be 💰
#cetus #writetoearn #Write2Earn #MarketPullback #BinanceAlphaAlert
$CETUS
Did you see what happened with $CETUS ?
Over $220 MILLION hacked!
And as always… those who didn’t secure their crypto lost EVERYTHING ❌💸
The solution? Simple:
Use a hardware wallet 🔐
Don’t leave your coins on exchanges or apps.
Your security starts with you. ⚠️
Here are some wallets that actually work:
Trezor One simple, reliable, great for beginners 🟢
Ledger Nano S Plus perfect if you hold multiple cryptos 💼
Ledger Flex advanced and compact 🚀
Steel backup plates for storing your keys offline, fire & water resistant 🔥💧
Don’t wait until it’s too late.
Remember:
“Not your keys, not your coins.” 🔑❌
Protect your assets like they’re worth millions…
because one day, they might be 💰
#cetus #writetoearn #Write2Earn #MarketPullback #BinanceAlphaAlert
$CETUS
Toubano:
People need to wake up this is old news and I’ll be recovered 😂😂💪💪
⚠️ $CETUS /USDT – Oversold Bounce Setup? 🔻➡️🚀
📉 Price crashed to a low of $0.1465 after hitting $0.2572, now recovering slightly to $0.1697 (-22.26%).
Heavy sell-off but signs of stabilization are emerging near support.
📊 Trade Setup – Oversold Bounce Play
✅ Entry Zone: $0.165 – $0.170
🎯 TP1: $0.183
🎯 TP2: $0.194
🎯 TP3: $0.208
🛑 Stop Loss: $0.144
👉why this coin is go down:
👀 because this coin is hacked so this is go down .
📌 Chart Notes:$CETUS
Volume spike and long wick at $0.1465 suggest potential demand zone.
Reclaim of EMA(7) near $0.1829 could confirm momentum shift.
Wait for bullish confirmation candle on 1H or 4H before entering!
⚡ High risk – high reward setup! Use proper risk management.
Buy and trade here on $CETUS 🔁📉📈
#cetus #huabnb #Altcoins!
🔥 follow me for more trading signals 🔥
📉 Price crashed to a low of $0.1465 after hitting $0.2572, now recovering slightly to $0.1697 (-22.26%).
Heavy sell-off but signs of stabilization are emerging near support.
📊 Trade Setup – Oversold Bounce Play
✅ Entry Zone: $0.165 – $0.170
🎯 TP1: $0.183
🎯 TP2: $0.194
🎯 TP3: $0.208
🛑 Stop Loss: $0.144
👉why this coin is go down:
👀 because this coin is hacked so this is go down .
📌 Chart Notes:$CETUS
Volume spike and long wick at $0.1465 suggest potential demand zone.
Reclaim of EMA(7) near $0.1829 could confirm momentum shift.
Wait for bullish confirmation candle on 1H or 4H before entering!
⚡ High risk – high reward setup! Use proper risk management.
Buy and trade here on $CETUS 🔁📉📈
#cetus #huabnb #Altcoins!
🔥 follow me for more trading signals 🔥
#cetus #hackattack Aptos Network Unaffected by Sui Network Cetus Incident
$CETUS
On May 23rd, Aptos officials verified that the exploit impacting Cetus DEX is confined to the Sui network. The Aptos network itself, user funds, and its DeFi partners remain unaffected. Currently, the Aptos security and engineering team has launched a comprehensive audit, is actively monitoring the situation, and is collaborating with DeFi partners to guarantee network security and stability.
$CETUS
On May 23rd, Aptos officials verified that the exploit impacting Cetus DEX is confined to the Sui network. The Aptos network itself, user funds, and its DeFi partners remain unaffected. Currently, the Aptos security and engineering team has launched a comprehensive audit, is actively monitoring the situation, and is collaborating with DeFi partners to guarantee network security and stability.
CETUS UPDATE- May 22, 2025
As of 7:08 PM today, Cetus Protocol, a leading decentralized exchange (DEX) on the Sui network, is facing significant challenges. The CETUS token price has dropped to 0.1714 USDT, marking a 16.1% decline in the last 24 hours after reaching a high of 0.2572 USDT earlier. This sharp fall coincides with reports of a major incident affecting the platform.
Cetus has paused its smart contracts and halted trading due to a massive liquidity drain, with some sources estimating losses around $260 million. There are conflicting reports on the cause: some suggest a sophisticated exploit involving spoof token swaps and manipulation of liquidity pools, while the Cetus team claims it’s a bug in their oracle system rather than a hack. The investigation is ongoing, and the team has promised a detailed statement soon.
The Sui DeFi ecosystem is feeling the impact, with several liquidity pool tokens on Cetus reportedly dropping by up to 80%. Market sentiment is cautious, as reflected in the high trading volume and price volatility. Stay tuned for further updates as the situation develops, and exercise caution if you’re holding or trading CETUS.
#BinanceAlphaAlert #cetus
As of 7:08 PM today, Cetus Protocol, a leading decentralized exchange (DEX) on the Sui network, is facing significant challenges. The CETUS token price has dropped to 0.1714 USDT, marking a 16.1% decline in the last 24 hours after reaching a high of 0.2572 USDT earlier. This sharp fall coincides with reports of a major incident affecting the platform.
Cetus has paused its smart contracts and halted trading due to a massive liquidity drain, with some sources estimating losses around $260 million. There are conflicting reports on the cause: some suggest a sophisticated exploit involving spoof token swaps and manipulation of liquidity pools, while the Cetus team claims it’s a bug in their oracle system rather than a hack. The investigation is ongoing, and the team has promised a detailed statement soon.
The Sui DeFi ecosystem is feeling the impact, with several liquidity pool tokens on Cetus reportedly dropping by up to 80%. Market sentiment is cautious, as reflected in the high trading volume and price volatility. Stay tuned for further updates as the situation develops, and exercise caution if you’re holding or trading CETUS.
#BinanceAlphaAlert #cetus
Pharidette:
🙄🙄
Seems like the LP provider for SUI, CETUS, is hacked and draining pools
No swaps working. CEX prices are fine but DEX severely affected.
Hopefully is resolved ASAP.
#sui #cetus #CETUSWarning #HackerAlert #BESAFE
$SUI $BTC $ETH
No swaps working. CEX prices are fine but DEX severely affected.
Hopefully is resolved ASAP.
#sui #cetus #CETUSWarning #HackerAlert #BESAFE
$SUI $BTC $ETH
Cetus Protocol has put out a call, the $SUI community will decide.
On May 22, there was an attack on $CETUS Protocol that resulted in the seizure of approximately $223M in funds...
Approximately $162M of these funds were frozen by @Sui validators on individual initiative before being transferred off-chain. This was done through transaction filtering, whereby the validators ignore transactions from certain addresses via their configuration files.
The Sui Network has stated that this authorization is not unique to Sui, and that validators on other networks may similarly perform such filtering for their own risk tolerance or regulatory compliance reasons.
The freeze is not a permanent solution, but is in place in emergencies to slow down the attack and provide a basis for negotiation.
In the aftermath of the attack, #Cetus issued a call for the community to vote on an on-chain protocol update to enable the return of frozen funds. The vote is planned to be held by validators and SUI staking community members.
#Sui announced that it supports this voting process and will only facilitate the process technically. However, he reiterated that his support is subject to two conditions:
1- The vote will be conducted impartially and Sui will not vote.
2- Cetus will publicly commits to fully compensate users using all its financial resources.
This is an important example of how on-chain governance mechanisms work in extraordinary situations and how decentralized networks can respond to crises.
#MarketPullback #cetushack #BinanceAlphaAlert
On May 22, there was an attack on $CETUS Protocol that resulted in the seizure of approximately $223M in funds...
Approximately $162M of these funds were frozen by @Sui validators on individual initiative before being transferred off-chain. This was done through transaction filtering, whereby the validators ignore transactions from certain addresses via their configuration files.
The Sui Network has stated that this authorization is not unique to Sui, and that validators on other networks may similarly perform such filtering for their own risk tolerance or regulatory compliance reasons.
The freeze is not a permanent solution, but is in place in emergencies to slow down the attack and provide a basis for negotiation.
In the aftermath of the attack, #Cetus issued a call for the community to vote on an on-chain protocol update to enable the return of frozen funds. The vote is planned to be held by validators and SUI staking community members.
#Sui announced that it supports this voting process and will only facilitate the process technically. However, he reiterated that his support is subject to two conditions:
1- The vote will be conducted impartially and Sui will not vote.
2- Cetus will publicly commits to fully compensate users using all its financial resources.
This is an important example of how on-chain governance mechanisms work in extraordinary situations and how decentralized networks can respond to crises.
#MarketPullback #cetushack #BinanceAlphaAlert
Risingking:
This attack is done by the insiders
It is the perfect time you have been waiting for.!
Join in to our spot holders Family.!
Buy #CETUS with half of your assets and if it dips again buy again in lower price..!
And Don't be greedy, Greed was,is and will always be the worst thing for us..!
Join in to our spot holders Family.!
Buy #CETUS with half of your assets and if it dips again buy again in lower price..!
And Don't be greedy, Greed was,is and will always be the worst thing for us..!
CETUS/USDT
Αγορά
Τιμή/Ποσό
0,158/65.6
Tatuś:
Niech moc będzie z Sui 💪💪💪
#Cetus I was struggling with Trades and getting losses Then I learnt this strategy and Never got liquadated.
Hey traders!
Let me tell you one thing honestly—since I learned this strategy, I have never faced a loss again. Yes, you heard that right! If you're still getting liquidated, still confused about when to buy or where to place your stop loss, then I’ve got you covered today. I’m going to reveal a secret formula that no one else will tell you. And guess what? It will only take 5 minutes to learn!
Hey traders!
Let me tell you one thing honestly—since I learned this strategy, I have never faced a loss again. Yes, you heard that right! If you're still getting liquidated, still confused about when to buy or where to place your stop loss, then I’ve got you covered today. I’m going to reveal a secret formula that no one else will tell you. And guess what? It will only take 5 minutes to learn!
$CETUS
Coin
The price of #Cetus has fallen to around $0.16, a decline of more than 15% in 24 hours.
~ / Expectations indicate that selling pressure on CETUS is likely to continue in the short term, with the price expected to drop to $0.088.
{Important}
It is recommended to exercise caution in dealing with #CETUSWarning at this time, and monitor developments related to investigations and recovery of funds.
It may be wise to wait for the situation to stabilize and for the team to provide clear updates before making new investment decisions.
Coin
The price of #Cetus has fallen to around $0.16, a decline of more than 15% in 24 hours.
~ / Expectations indicate that selling pressure on CETUS is likely to continue in the short term, with the price expected to drop to $0.088.
{Important}
It is recommended to exercise caution in dealing with #CETUSWarning at this time, and monitor developments related to investigations and recovery of funds.
It may be wise to wait for the situation to stabilize and for the team to provide clear updates before making new investment decisions.
Update on the $SUI Validator Response to the Cetus Attack
On Wednesday, the $SUI validator community acted swiftly to freeze approximately $162 million of the stolen funds in response to the recent security incident affecting the Cetus protocol. Here’s how this process unfolded:
Each $SUI validator maintains a configuration file that allows it to block transactions from specific addresses.
The decision to add or remove addresses from this file rests solely with individual validators and can be reversed at any time.
In this instance, over one-third of validators (by stake) chose to block transactions from two addresses suspected of being linked to the attack, effectively freezing the funds in question.
It’s important to note that this capability is not unique to the Sui network. Any validator, on any blockchain, can choose to filter transactions according to their risk tolerance or regulatory obligations.
This rapid response successfully froze a significant portion of the stolen assets—approximately $162 million—before the attacker could bridge them out to another chain.
Such freezing measures are intended as a temporary, emergency action to slow an attack and create leverage for the victim to engage with the attacker. In this case, while the freeze served its intended purpose, Cetus has not yet received any response from the attacker despite outreach attempts.
Earlier today, Cetus proposed a community vote on a protocol upgrade to return the frozen funds to affected users. This proposal does not involve reversing blockchain history or undoing past transactions. Rather, it represents an extraordinary response to an extraordinary situation—prioritizing the recovery of customer assets.
After careful consideration, we support holding an on-chain community vote on the following conditions:
1. We will abstain from voting and remain neutral on the outcome. Our role is to design and facilitate a transparent process that reflects the collective will of the Sui community. We will share detailed design plans and code for the vote soon.
2. Cetus must make a public commitment to use all of its financial resources to fully restore all lost funds and ensure every customer is made whole.
We will continue to monitor the situation closely and support the community in reaching a fair resolution. Thank you for your continued trust and participation in the Sui ecosystem.
Each $SUI validator maintains a configuration file that allows it to block transactions from specific addresses.
The decision to add or remove addresses from this file rests solely with individual validators and can be reversed at any time.
In this instance, over one-third of validators (by stake) chose to block transactions from two addresses suspected of being linked to the attack, effectively freezing the funds in question.
It’s important to note that this capability is not unique to the Sui network. Any validator, on any blockchain, can choose to filter transactions according to their risk tolerance or regulatory obligations.
This rapid response successfully froze a significant portion of the stolen assets—approximately $162 million—before the attacker could bridge them out to another chain.
Such freezing measures are intended as a temporary, emergency action to slow an attack and create leverage for the victim to engage with the attacker. In this case, while the freeze served its intended purpose, Cetus has not yet received any response from the attacker despite outreach attempts.
Earlier today, Cetus proposed a community vote on a protocol upgrade to return the frozen funds to affected users. This proposal does not involve reversing blockchain history or undoing past transactions. Rather, it represents an extraordinary response to an extraordinary situation—prioritizing the recovery of customer assets.
After careful consideration, we support holding an on-chain community vote on the following conditions:
1. We will abstain from voting and remain neutral on the outcome. Our role is to design and facilitate a transparent process that reflects the collective will of the Sui community. We will share detailed design plans and code for the vote soon.
2. Cetus must make a public commitment to use all of its financial resources to fully restore all lost funds and ensure every customer is made whole.
We will continue to monitor the situation closely and support the community in reaching a fair resolution. Thank you for your continued trust and participation in the Sui ecosystem.
#Cetus $CETUS
Cetus Protocol (CETUS) Price Analysis & Prediction – Is Another Wave Coming?
Current Price: ~$0.16
24h Change: +3.8%
Market Cap: ~$34M (approx)
Volume (24h): $4.2M
---
Technical Snapshot:
Cetus Protocol has regained momentum after consolidating around the $0.14–$0.15 range. The recent surge above $0.16 signals renewed buying interest. CETUS is now approaching a breakout point on both daily and 4H charts, forming a bullish pennant structure.
---
Key Levels to Watch:
Bullish Breakout Zone:
$0.17 – A clean break and close above this level could push CETUS toward $0.20, followed by a potential extension to $0.24.
Bearish Breakdown Zone:
$0.14 – Losing this key support could drive the price down to $0.12, with further downside risk to $0.10 if sentiment turns negative.
---
Short-Term Price Prediction:
Bullish Scenario: If bulls maintain volume and momentum, CETUS could rally to $0.20 in the coming days.
Bearish Scenario: Failure to break $0.17 resistance and a drop below $0.14 may trigger a correction phase.
---
Market Sentiment:
Cautiously bullish. CETUS is gaining traction in the DeFi and DEX space on Sui Network. However, RSI is edging toward the overbought zone—traders should stay alert for potential profit-taking dips.
---
Disclaimer:
This post is for informational purposes only and not financial advice. Always do your own research before making investment decisions. Crypto markets are volatile and risky.
Cetus Protocol (CETUS) Price Analysis & Prediction – Is Another Wave Coming?
Current Price: ~$0.16
24h Change: +3.8%
Market Cap: ~$34M (approx)
Volume (24h): $4.2M
---
Technical Snapshot:
Cetus Protocol has regained momentum after consolidating around the $0.14–$0.15 range. The recent surge above $0.16 signals renewed buying interest. CETUS is now approaching a breakout point on both daily and 4H charts, forming a bullish pennant structure.
---
Key Levels to Watch:
Bullish Breakout Zone:
$0.17 – A clean break and close above this level could push CETUS toward $0.20, followed by a potential extension to $0.24.
Bearish Breakdown Zone:
$0.14 – Losing this key support could drive the price down to $0.12, with further downside risk to $0.10 if sentiment turns negative.
---
Short-Term Price Prediction:
Bullish Scenario: If bulls maintain volume and momentum, CETUS could rally to $0.20 in the coming days.
Bearish Scenario: Failure to break $0.17 resistance and a drop below $0.14 may trigger a correction phase.
---
Market Sentiment:
Cautiously bullish. CETUS is gaining traction in the DeFi and DEX space on Sui Network. However, RSI is edging toward the overbought zone—traders should stay alert for potential profit-taking dips.
---
Disclaimer:
This post is for informational purposes only and not financial advice. Always do your own research before making investment decisions. Crypto markets are volatile and risky.
Cetus $230M Hack: How a Math Bug Led to Massive Losses
According to Odaily, a deep analysis by SlowMist has uncovered how a hacker stole $230 million from Cetus by exploiting a math overflow vulnerability in the get_delta_a function. The flaw bypassed a protection mechanism (checked_shlw), letting the attacker manipulate parameters and trick the system into miscalculating token values.
Example :
Imagine a smart contract says:
“You give me 1 haSUI, I give you 1,000,000 USDT.”
Due to an overflow bug in the math calculation, the attacker made it seem like they only needed 1 token to receive millions in liquidity. In reality, they should have needed a huge amount. By carefully choosing the inputs, the attacker got billions in value almost for free.
Takeaway:
This is a powerful reminder that even a tiny math error in a smart contract can lead to massive losses. Overflow vulnerabilities must be taken seriously. Every calculation needs proper limits, validation, and safe coding practices to avoid this kind of disaster.
Source: Binance square.
#TrumpTariffs #HackingAlert #CetusRecovery #Cetus
Example :
Imagine a smart contract says:
“You give me 1 haSUI, I give you 1,000,000 USDT.”
Due to an overflow bug in the math calculation, the attacker made it seem like they only needed 1 token to receive millions in liquidity. In reality, they should have needed a huge amount. By carefully choosing the inputs, the attacker got billions in value almost for free.
Takeaway:
This is a powerful reminder that even a tiny math error in a smart contract can lead to massive losses. Overflow vulnerabilities must be taken seriously. Every calculation needs proper limits, validation, and safe coding practices to avoid this kind of disaster.
Source: Binance square.
#TrumpTariffs #HackingAlert #CetusRecovery #Cetus
Cetus Protocol has put out a call, the
$SUI community will decide.
On May 22, there was an attack on
#CETUS Protocol that resulted in the
seizure of approximately $223M in
funds...
Approximately $162M of these funds
were frozen by #suiNetwork
validators on individual initiative
before being transferred off-chain.
This was done through transaction
filtering, whereby the validators ignore
transactions from certain addresses
via their configuration files.
The Sui Network has stated that this
authorization is not unique to Sui, and
that validators on other networks may
similarly perform such filtering for
their own risk tolerance or regulatory
compliance reasons.
The freeze is not a permanent
solution, but is in place in
emergencies to slow down the attack
and provide a basis for negotiation.
In the aftermath of the attack, Cetus
issued a call for the community to
vote on an on-chain protocol update
to enable the return of frozen funds.
The vote is planned to be held by
validators and SUI staking community
members.
Sui announced that it supports this
voting process and will only facilitat
the process technically. However, he
reiterated that his support is subject
two conditions:
1- The vote willI be conducted
impartially and Sui will not vote.
2- Cetus will publicly commits to full
Compensate users using all its
financial resources.
This is an important example of how
on-chain goverrnance mechanisms
work in extraordinary situations and
how decentralized netWorks can
respond to crises.
$SUI community will decide.
On May 22, there was an attack on
#CETUS Protocol that resulted in the
seizure of approximately $223M in
funds...
Approximately $162M of these funds
were frozen by #suiNetwork
validators on individual initiative
before being transferred off-chain.
This was done through transaction
filtering, whereby the validators ignore
transactions from certain addresses
via their configuration files.
The Sui Network has stated that this
authorization is not unique to Sui, and
that validators on other networks may
similarly perform such filtering for
their own risk tolerance or regulatory
compliance reasons.
The freeze is not a permanent
solution, but is in place in
emergencies to slow down the attack
and provide a basis for negotiation.
In the aftermath of the attack, Cetus
issued a call for the community to
vote on an on-chain protocol update
to enable the return of frozen funds.
The vote is planned to be held by
validators and SUI staking community
members.
Sui announced that it supports this
voting process and will only facilitat
the process technically. However, he
reiterated that his support is subject
two conditions:
1- The vote willI be conducted
impartially and Sui will not vote.
2- Cetus will publicly commits to full
Compensate users using all its
financial resources.
This is an important example of how
on-chain goverrnance mechanisms
work in extraordinary situations and
how decentralized netWorks can
respond to crises.
💣 $223M Crypto Heist on Sui Blockchain! Hacker Gets $6M Offer to Return Stolen Coins 🕵️💰
In a jaw-dropping crypto drama, Cetus Protocol, the biggest exchange on the Sui blockchain, was hacked for a massive $223 million 😱. The attacker used fake tokens and sneaky code tricks to confuse the platform’s system and drain millions in real assets like $SUI , $ETH , and $USDC . It all started with just $11 million but quickly escalated as the hacker moved funds to Ethereum and bought over 21,000 ETH. Tokens like AXOL, HIPPO, and SQUIRT tanked, and SUI lost 15% of its value. Cetus has now paused its contracts and is trying to recover the platform. ⚠️
🎯 In a bold move, Cetus is offering the hacker a $6 million "bounty" (yes, really!) if they return the rest of the stolen money. The team says, “Give back 20,920 ETH and you can keep 2,324 ETH (worth about $6M) — no legal trouble.” 🕊️ But there's a catch: If the hacker tries to hide or move the money, the deal is off and legal action kicks in fast. The Cetus team has already tracked the hacker’s Ethereum wallet and is working with law enforcement, the Sui Foundation, and even the U.S. Department of Defense! 🛡️
💡 The hack exposed a sneaky flaw in Cetus’ pricing system — not in the code itself, but in the way its smart contracts calculated value inside liquidity pools. This kind of advanced "economic exploit" is harder to detect than basic bugs, showing how new blockchain projects like Sui still face serious risks. Cetus has patched the problem and beefed up security, but the damage to trust and tokens is real. Will the hacker take the money and run — or return the crypto and cash out like a whitehat? 🤔⏳
#ETHMarketWatch #SUI🔥 #USDC✅ #BinanceAlphaAlert #Cetus
🎯 In a bold move, Cetus is offering the hacker a $6 million "bounty" (yes, really!) if they return the rest of the stolen money. The team says, “Give back 20,920 ETH and you can keep 2,324 ETH (worth about $6M) — no legal trouble.” 🕊️ But there's a catch: If the hacker tries to hide or move the money, the deal is off and legal action kicks in fast. The Cetus team has already tracked the hacker’s Ethereum wallet and is working with law enforcement, the Sui Foundation, and even the U.S. Department of Defense! 🛡️
💡 The hack exposed a sneaky flaw in Cetus’ pricing system — not in the code itself, but in the way its smart contracts calculated value inside liquidity pools. This kind of advanced "economic exploit" is harder to detect than basic bugs, showing how new blockchain projects like Sui still face serious risks. Cetus has patched the problem and beefed up security, but the damage to trust and tokens is real. Will the hacker take the money and run — or return the crypto and cash out like a whitehat? 🤔⏳
#ETHMarketWatch #SUI🔥 #USDC✅ #BinanceAlphaAlert #Cetus
How are all the friends? Good afternoon, I am sharing the multiple chart in this post. Those who have extra dollars should buy something like $DF $WIF $MUBARAK and Stacks now and go ahead and they will give good benefits. When I am trying to get benefits, I think that if you people also get benefits from this thing, then all my followers should also benefit from it like me.
#DF
#WIF
#MUBARAK
#CETUS
#DF
#WIF
#MUBARAK
#CETUS
Σημερινά PnL
2025-05-24
+$8,79
+2.35%
How $SUI Responded to the Cetus Hack State of the Ecosystem
#Cetus Protocol, one of the largest decentralized exchanges in the @Sui ecosystem, suffered a large-scale cyberattack on May 22. Attackers used a vulnerability in the protocol to steal approximately $223 million in tokens. Although this incident did not directly target the Sui network, it caused a drop of more than 10% in the SUI price due to the fact that it occurred on a key protocol on the network.
The Sui network and validators quickly stepped in. As a result of the measures taken, $162 million of the stolen funds were frozen. The Cetus team blacklisted the attacker's wallets and offered a $6 million reward for the return of the funds.
The SUI price fell as low as USD3,65 after the attack, but soon recovered to USD3,95. However, the pressure on the market continues and some analysts warn that the price could fall further.
What does this development mean for the Sui ecosystem?
The incident was an important test of the network's security infrastructure and its reflexes in a crisis. Rapid measures taken against security threats in decentralized structures are considered an important indicator of long-term investor confidence.
For investors, such events should be read not only in terms of price movements, but also in terms of the resilience and response capacity of projects. How Sui survives this test will directly affect the perception of the ecosystem in the coming period.
#MarketPullback #TrumpTariffs
#Cetus Protocol, one of the largest decentralized exchanges in the @Sui ecosystem, suffered a large-scale cyberattack on May 22. Attackers used a vulnerability in the protocol to steal approximately $223 million in tokens. Although this incident did not directly target the Sui network, it caused a drop of more than 10% in the SUI price due to the fact that it occurred on a key protocol on the network.
The Sui network and validators quickly stepped in. As a result of the measures taken, $162 million of the stolen funds were frozen. The Cetus team blacklisted the attacker's wallets and offered a $6 million reward for the return of the funds.
The SUI price fell as low as USD3,65 after the attack, but soon recovered to USD3,95. However, the pressure on the market continues and some analysts warn that the price could fall further.
What does this development mean for the Sui ecosystem?
The incident was an important test of the network's security infrastructure and its reflexes in a crisis. Rapid measures taken against security threats in decentralized structures are considered an important indicator of long-term investor confidence.
For investors, such events should be read not only in terms of price movements, but also in terms of the resilience and response capacity of projects. How Sui survives this test will directly affect the perception of the ecosystem in the coming period.
#MarketPullback #TrumpTariffs
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