Sui@SuiNetwork's leading decentralized exchange Cetus@CetusProtocol has suffered a severe hacker attack, with a fund loss of up to $223 million.
According to a report from Extractor@extractor_web3 security team, the attacker transferred $63 million to Ethereum in just 60 seconds through a bridging protocol.
The Cetus team, in collaboration with the Sui Foundation@SuiFoundation, urgently froze $162 million, but Sui's current governance structure allows 114 validators to arbitrarily freeze wallets.
$SUI fell 15% to $3.81, $CETUS dropped 34% to $0.17, and liquidity pool tokens (like LOFI, HIPPO) plummeted by 75-80%.
In fact, Cetus is not an isolated case. Since 2025, Bybit @Bybit_Official has suffered $1.4 billion in vulnerability attacks, Phemex @Phemex_official lost $69 million, and the DeFi sector has frequently experienced high-intensity security incidents, exposing deep crises such as delayed smart contract audits, single-point dependency in governance structure, lack of cross-chain fund supervision, and weak trust mechanisms.
What can ZEROBASE do?
Introduce an on-chain governance module to allow Cetus users to participate in key decisions like fund freezing through smart contracts, addressing the current 'minority validator' control dispute in Sui, and enhancing the transparency and trust of protocol governance.
Implement off-chain transaction auditing and on-chain rapid verification through Trusted Execution Environment (TEE) and ZK batch verification mechanisms to help Cetus prevent malicious activities under high-frequency trading, reduce verification costs, and enhance contract protection capabilities.
Protect user identity operation privacy through zkLogin/zkEmail while combining multi-signature and on-chain behavior analysis to build cross-chain fund monitoring and prevent hacker fund outflow.
Before the crisis arrives, defense comes first—start taking action now!