How $SUI Responded to the Cetus Hack State of the Ecosystem
#Cetus Protocol, one of the largest decentralized exchanges in the @Sui ecosystem, suffered a large-scale cyberattack on May 22. Attackers used a vulnerability in the protocol to steal approximately $223 million in tokens. Although this incident did not directly target the Sui network, it caused a drop of more than 10% in the SUI price due to the fact that it occurred on a key protocol on the network.
The Sui network and validators quickly stepped in. As a result of the measures taken, $162 million of the stolen funds were frozen. The Cetus team blacklisted the attacker's wallets and offered a $6 million reward for the return of the funds.
The SUI price fell as low as USD3,65 after the attack, but soon recovered to USD3,95. However, the pressure on the market continues and some analysts warn that the price could fall further.
What does this development mean for the Sui ecosystem?
The incident was an important test of the network's security infrastructure and its reflexes in a crisis. Rapid measures taken against security threats in decentralized structures are considered an important indicator of long-term investor confidence.
For investors, such events should be read not only in terms of price movements, but also in terms of the resilience and response capacity of projects. How Sui survives this test will directly affect the perception of the ecosystem in the coming period.
