According to available information, the SUI Foundation is offering a loan to the Cetus Protocol that lost millions of dollars in a hack earlier this month.
The X post by SUI dated May 28, 2025, said that, “ Sui Foundation is providing Cetus with a secured loan as part of a plan to compensate user losses in full quickly. The Cetus team will use these loan proceeds together with assets from their treasury to cover losses from the stolen funds that have been bridged out of the Sui network.”
It is worth noting that the loan received from the SUI Foundation will be combined with its treasury assets to reimburse the affected users in full.
Following the hack, Cetus Protocol said, “ We are now in a position to fully cover the stolen assets currently off-chain,” adding, “ if the locked funds are recovered through the upcoming community vote.”
Cetus Protocol wrote in its X post dated May 28, 2025, that “ A detailed plan will follow. We deeply regret the impact caused by the recent incident and sincerely apologize to our users and the broader ecosystem for the exposure. Your trust is our top priority, and we are fully committed to making things right.”
Cetus Protocol hack explained
The Cetus Protocol was hacked on May 22, 2025, resulting in a major breach that targeted the DEX and liquidity protocol on the SUI blockchain. The hack was valued at $233 million in digital assets.
Cetus is a known decentralized exchange and a liquidity provider on Aptos and SUI blockchain, utilizing a concentrated liquidity market maker model. CLMM is a model that allows liquidity providers to allocate assets within a specific price range.
The primary cause was an overflow check failure in a function, which mishandled liquidity parameter calculation. The attackers exploited a rounding bug in the liquidity pool logic, allowing them to create a massive liquidity position with just one unit of token input.
It is worth noting that the bad actors used ‘spoof tokens’, which were fake or low-value assets that helped to manipulate the metadata. Experts say that by combining these fake tokens with flash loans or flash swaps, the attackers manipulated the pool’s internal price mechanism.
SUI price updates
According to data from CoinMarketCap, SUI is exchanging hands at $3.71 with intraday growth of 7.21%; however, in the past 52 weeks, its price has surged nearly 263%.
In the past 24 hours, SUI’s market capitalization has increased 7.36%, reaching $12.39 billion, and the volume is $1.26 billion. SUI registered its all-time high of $5.35 on January 06, 2025. In the monthly time frame, its lowest traded price was $3.14, and its highest traded price was $4.26.
SUI’s nearest resistance in the monthly time frame is $4.8997, followed by $5.9611 and $7.6792, and its identified support levels are $1.4636 and $0.4022.
