JUST IN: “We Are Helping SUI” – CZ Speaks Out After $260M Cetus Exploit! 🚨 Should You Buy or Bail on SUI?
May 22, 2025 – 11:59 UTC
CZ tweeted:
"We are doing what we can to help SUI. Not a pleasant situation. Hope everyone stay SAFU!"
This followed a massive $200M+ exploit on Cetus Protocol, the largest DEX on the Sui Network.
What Happened?
Hackers used spoof tokens like BULLA to drain SUI and USDC
USDC depegged to nearly zero, memecoins dropped up to 75%
CETUS fell 40%
Important: The Sui blockchain itself wasn’t hacked
Devs and users clarified: “The issue was with Cetus, not Sui.”
Why CZ’s Tweet Matters
Binance rarely speaks publicly unless major support is happening
Likely providing technical/investigative help
Signals potential long-term Binance–Sui collaboration
Reinstates confidence in the Sui ecosystem
SUI Price Reaction
Surprisingly rose 3% on the day of the exploit
Volume spiked 112% to $2.5B
50-day SMA projection: $6.26 by June 20
200-day SMA: $3.69
RSI: 58.56 (neutral)
Shows resilience, despite the chaos
Should You Buy SUI Now?
Short-Term: Watch for dips below $4 as potential entry
Mid-Term: If Cetus recovers, SUI may retest $6
Long-Term: Targets of $7.78–$8.17 possible if confidence returns
Don’t Like the Risk? Here Are 2 Alternatives:
Cardano (ADA)
Never hacked
Great for risk-averse investors
Slow, steady development
Solana (SOL)
Mature DeFi ecosystem
Strong recovery history
High upside in bull runs
Final Word
CZ stepping in gives SUI credibility, but risks remain. If you’re bold, watch for dips. If you’re cautious, ADA or SOL may offer smoother sailing.
Stay alert. Stay SAFU. Sometimes, opportunity hides in chaos.
