The Sui blockchain ecosystem is facing turbulence after Cetus Protocol, a major liquidity provider, suffered a $223 million exploit! 😱 As a result, Haedal Protocol, a popular liquid staking platform, has temporarily suspended its haeVault feature, which relies on Cetus’ liquidity pools.
🛑 What Happened?
Cetus Protocol, a key player in Sui’s DeFi ecosystem, was drained of $223M in a massive exploit.
Haedal Protocol quickly disabled haeVault to protect users, assuring that all other features remain safe and operational.
The CETUS token plunged 30%, while SUI dropped ~5% amid the chaos. 📉
💰 Cetus Offers $6M Bounty to Hacker
In a dramatic twist, Cetus has proposed a deal to the attacker:
✔ Return 20,920 ETH (~$55.7M) + frozen Sui assets
✔ Keep $6M as a bounty
✔ No legal action
But the offer is time-sensitive—if the hacker moves funds through mixers, the deal’s off the table! ⏳
🔍 What’s Next for Sui & Haedal?
Haedal will reactivate haeVault once security is confirmed.
SUI’s price is struggling, down ~28% from its ATH ($5.35 in Jan 2025).
Investors are watching closely—will the hacker take the deal? Will Sui recover?
💡 Key Takeaways
✅ DeFi exploits remain a major risk—always DYOR!
✅ Liquidity pool dependencies can create chain reactions (Haedal’s pause shows this).
✅ Bounties are becoming a common negotiation tool post-hack.
Stay tuned for updates! Follow us for the latest in crypto news & security alerts. 🔔$SOL
#Sui #Cetus #Haedal #DeFi #CryptoNewss #Binance ##HackAlert