The network faced the largest attack in its ecosystem: the decentralized protocol Cetus was hacked, resulting in the attackers managing to withdraw over $200 million. Earlier reports mentioned losses of $11 million. According to PeckShield and MistTrack, part of the stolen funds — about $60 million in — has already been transferred to the network through an inter-network application. The remaining amount is still being distributed through various channels, including DEXs and mixers.
In response to the incident, representatives of Cetus announced a temporary suspension of smart contract operations and promised to publish an official report with technical details of the hack soon. The team thanked the community for their patience and expressed their intention to do everything possible to minimize the damage.
At the same time, the analytical company SlowMist began its own investigation, confirming that the funds are being actively tracked. Experts urge network participants to be extremely cautious and not to interact with unknown addresses.
Particular attention was drawn to the statement of former Binance CEO Changpeng Zhao. Through his social media account, he briefly noted: 'We are doing everything we can to help SUI', without specifying details. His involvement sparked a wave of discussions — it is possible that legal, technological, or financial support will be engaged. Some analysts suggested that it could become a point of consolidation for the interests of major market participants regarding promising ecosystems under pressure.
In the wake of the hack, the volume of transactions on the SUI network surged sharply. Despite the incident, users continue to actively engage. Meanwhile, the incident with Cetus has once again raised questions about security in the DeFi sector. The team's upcoming actions will show whether the SUI ecosystem can restore user trust.
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