Clarifying the Cetus Hack – SUI Protocol Was Not Compromised
There’s been some confusion around the recent hack involving SUI tokens. Let me set the record straight: the SUI blockchain was not hacked. The attack happened on Cetus, a third-party DeFi app built on the SUI network.
The vulnerability was in Cetus’s smart contracts, not in the $SUI protocol itself. It’s like a store’s register being robbed—the money (SUI) was safe, but the store’s system (Cetus) was flawed.
$SUI tokens were stolen from liquidity pools where users had deposited them—not from the network. This led to a temporary drop in SUI’s price due to misunderstanding, not a technical failure.
Going forward, the SUI team is expected to roll out tighter security standards, mandatory audits, and project vetting to protect the ecosystem.
SUI remains secure. This was a third-party issue, and stronger safeguards are on the way.
