The Sui ecosystem is staggering. On May 22, a suspected exploit in the Cetus Protocol, the main DEX on the SUI network, caused a critical crash in the prices of tokens $CETUS and $SUI , shaking the confidence of investors and developers in the network.
What exactly happened?
According to preliminary reports from analysts and on-chain observers like PeckShieldAlert and Wu Blockchain, an attacker drained more than $11 million in SUI from the SUI/USDC liquidity pool. This caused immediate panic in the markets:
Cetus collapsed from $0.2572 to $0.1465, a drop of over -40%.
Sui did not stay behind: it dropped from $4.20 to $3.65, reflecting a sentiment of massive selling and structural distrust.
Why does this matter so much?
Cetus is not just another protocol: it is the backbone of liquidity in Sui. Its fall generates domino effects that jeopardize the confidence of the entire ecosystem, from retail traders to DApp builders.
What comes next:
The Cetus team has not yet officially confirmed the exploit. An official statement is expected in the coming hours.
Leading projects like BlueMove, Turbos Finance, and Aftermath Finance are on alert, assessing the exposure of their contracts.
The community is waiting to know if there will be recovery plans, refunds, or urgent security patches.
Experts like Chris Blec and the CertiK team emphasize that this is another severe reminder for the DeFi ecosystem: security is not optional, it is a basic condition for the survival of any network.
And what do you think?
Are we at a turning point for SUI?
Do you think the ecosystem will be able to recover from this blow?
Comment, share, and join the conversation.
