Cetus Gets Hit — $223M Drained in Major Crypto Hack on Sui’s Top DEX
Cetus, the biggest DEX and liquidity hub on Sui, just got rocked by a massive $223M exploit. The culprit? A vulnerability in the smart contract — not the Sui network itself, but still a serious blow to DeFi on the chain.
🧨 What Went Down
Attackers drained most of the liquidity from Cetus by exploiting a weakness at the application level. Chaos followed: multiple SUI-based tokens tanked by over 75% as the pools emptied out.
💸 The Good News?
Roughly $160M of those stolen funds were frozen quickly and are now being prepped to return to liquidity providers. The Cetus team, backed by Sui’s core devs, is chasing down the remaining $60M.
🔧 Cetus Is Back Online
The exploit has been patched, and trading is back up and running. Things are stable — for now.
📢 Community Reacts
Even CZ jumped in, posting on X:
“We will do what we can to help Sui.”
📌 Stay Alert
If you’re holding $SUI or $Lping on Cetus, keep an eye on official updates. Recovery is in motion — but the storm’s not over yet.
