The DeFi protocol Cetus, operating on blockchain $SUI , was the subject of a hacker attack during which assets worth approximately **223 million dollars** were stolen. The attack targeted the smart contracts of Cetus, with hackers managing to drain liquidity pools, resulting in significant losses for liquidity providers. As a result, tokens in the Sui ecosystem, including $SUI, experienced declines between 70% and 90% in a short time.

After the attack, Cetus halted its smart contracts to prevent further losses. The protocol worked in collaboration with other DeFi platforms, the Sui Foundation, and Sui validators to resolve the issue.