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Cetus Protocol has put out a call, the $SUI community will decide.
On May 22, there was an attack on $CETUS Protocol that resulted in the seizure of approximately $223M in funds...
Approximately $162M of these funds were frozen by @Sui validators on individual initiative before being transferred off-chain. This was done through transaction filtering, whereby the validators ignore transactions from certain addresses via their configuration files.
The Sui Network has stated that this authorization is not unique to Sui, and that validators on other networks may similarly perform such filtering for their own risk tolerance or regulatory compliance reasons.
The freeze is not a permanent solution, but is in place in emergencies to slow down the attack and provide a basis for negotiation.
In the aftermath of the attack, #Cetus issued a call for the community to vote on an on-chain protocol update to enable the return of frozen funds. The vote is planned to be held by validators and SUI staking community members.
#Sui announced that it supports this voting process and will only facilitate the process technically. However, he reiterated that his support is subject to two conditions:
1- The vote will be conducted impartially and Sui will not vote.
2- Cetus will publicly commits to fully compensate users using all its financial resources.
This is an important example of how on-chain governance mechanisms work in extraordinary situations and how decentralized networks can respond to crises.
#MarketPullback #cetushack #BinanceAlphaAlert
On May 22, there was an attack on $CETUS Protocol that resulted in the seizure of approximately $223M in funds...
Approximately $162M of these funds were frozen by @Sui validators on individual initiative before being transferred off-chain. This was done through transaction filtering, whereby the validators ignore transactions from certain addresses via their configuration files.
The Sui Network has stated that this authorization is not unique to Sui, and that validators on other networks may similarly perform such filtering for their own risk tolerance or regulatory compliance reasons.
The freeze is not a permanent solution, but is in place in emergencies to slow down the attack and provide a basis for negotiation.
In the aftermath of the attack, #Cetus issued a call for the community to vote on an on-chain protocol update to enable the return of frozen funds. The vote is planned to be held by validators and SUI staking community members.
#Sui announced that it supports this voting process and will only facilitate the process technically. However, he reiterated that his support is subject to two conditions:
1- The vote will be conducted impartially and Sui will not vote.
2- Cetus will publicly commits to fully compensate users using all its financial resources.
This is an important example of how on-chain governance mechanisms work in extraordinary situations and how decentralized networks can respond to crises.
#MarketPullback #cetushack #BinanceAlphaAlert
Risingking:
This attack is done by the insiders
$CETUS
Coin
The price of #Cetus has fallen to around $0.16, a decline of more than 15% in 24 hours.
~ / Expectations indicate that selling pressure on CETUS is likely to continue in the short term, with the price expected to drop to $0.088.
{Important}
It is recommended to exercise caution in dealing with #CETUSWarning at this time, and monitor developments related to investigations and recovery of funds.
It may be wise to wait for the situation to stabilize and for the team to provide clear updates before making new investment decisions.
Coin
The price of #Cetus has fallen to around $0.16, a decline of more than 15% in 24 hours.
~ / Expectations indicate that selling pressure on CETUS is likely to continue in the short term, with the price expected to drop to $0.088.
{Important}
It is recommended to exercise caution in dealing with #CETUSWarning at this time, and monitor developments related to investigations and recovery of funds.
It may be wise to wait for the situation to stabilize and for the team to provide clear updates before making new investment decisions.
Update on the $SUI Validator Response to the Cetus Attack
On Wednesday, the $SUI validator community acted swiftly to freeze approximately $162 million of the stolen funds in response to the recent security incident affecting the Cetus protocol. Here’s how this process unfolded:
Each $SUI validator maintains a configuration file that allows it to block transactions from specific addresses.
The decision to add or remove addresses from this file rests solely with individual validators and can be reversed at any time.
In this instance, over one-third of validators (by stake) chose to block transactions from two addresses suspected of being linked to the attack, effectively freezing the funds in question.
It’s important to note that this capability is not unique to the Sui network. Any validator, on any blockchain, can choose to filter transactions according to their risk tolerance or regulatory obligations.
This rapid response successfully froze a significant portion of the stolen assets—approximately $162 million—before the attacker could bridge them out to another chain.
Such freezing measures are intended as a temporary, emergency action to slow an attack and create leverage for the victim to engage with the attacker. In this case, while the freeze served its intended purpose, Cetus has not yet received any response from the attacker despite outreach attempts.
Earlier today, Cetus proposed a community vote on a protocol upgrade to return the frozen funds to affected users. This proposal does not involve reversing blockchain history or undoing past transactions. Rather, it represents an extraordinary response to an extraordinary situation—prioritizing the recovery of customer assets.
After careful consideration, we support holding an on-chain community vote on the following conditions:
1. We will abstain from voting and remain neutral on the outcome. Our role is to design and facilitate a transparent process that reflects the collective will of the Sui community. We will share detailed design plans and code for the vote soon.
2. Cetus must make a public commitment to use all of its financial resources to fully restore all lost funds and ensure every customer is made whole.
We will continue to monitor the situation closely and support the community in reaching a fair resolution. Thank you for your continued trust and participation in the Sui ecosystem.
Each $SUI validator maintains a configuration file that allows it to block transactions from specific addresses.
The decision to add or remove addresses from this file rests solely with individual validators and can be reversed at any time.
In this instance, over one-third of validators (by stake) chose to block transactions from two addresses suspected of being linked to the attack, effectively freezing the funds in question.
It’s important to note that this capability is not unique to the Sui network. Any validator, on any blockchain, can choose to filter transactions according to their risk tolerance or regulatory obligations.
This rapid response successfully froze a significant portion of the stolen assets—approximately $162 million—before the attacker could bridge them out to another chain.
Such freezing measures are intended as a temporary, emergency action to slow an attack and create leverage for the victim to engage with the attacker. In this case, while the freeze served its intended purpose, Cetus has not yet received any response from the attacker despite outreach attempts.
Earlier today, Cetus proposed a community vote on a protocol upgrade to return the frozen funds to affected users. This proposal does not involve reversing blockchain history or undoing past transactions. Rather, it represents an extraordinary response to an extraordinary situation—prioritizing the recovery of customer assets.
After careful consideration, we support holding an on-chain community vote on the following conditions:
1. We will abstain from voting and remain neutral on the outcome. Our role is to design and facilitate a transparent process that reflects the collective will of the Sui community. We will share detailed design plans and code for the vote soon.
2. Cetus must make a public commitment to use all of its financial resources to fully restore all lost funds and ensure every customer is made whole.
We will continue to monitor the situation closely and support the community in reaching a fair resolution. Thank you for your continued trust and participation in the Sui ecosystem.
#Cetus $CETUS
Cetus Protocol (CETUS) Price Analysis & Prediction – Is Another Wave Coming?
Current Price: ~$0.16
24h Change: +3.8%
Market Cap: ~$34M (approx)
Volume (24h): $4.2M
---
Technical Snapshot:
Cetus Protocol has regained momentum after consolidating around the $0.14–$0.15 range. The recent surge above $0.16 signals renewed buying interest. CETUS is now approaching a breakout point on both daily and 4H charts, forming a bullish pennant structure.
---
Key Levels to Watch:
Bullish Breakout Zone:
$0.17 – A clean break and close above this level could push CETUS toward $0.20, followed by a potential extension to $0.24.
Bearish Breakdown Zone:
$0.14 – Losing this key support could drive the price down to $0.12, with further downside risk to $0.10 if sentiment turns negative.
---
Short-Term Price Prediction:
Bullish Scenario: If bulls maintain volume and momentum, CETUS could rally to $0.20 in the coming days.
Bearish Scenario: Failure to break $0.17 resistance and a drop below $0.14 may trigger a correction phase.
---
Market Sentiment:
Cautiously bullish. CETUS is gaining traction in the DeFi and DEX space on Sui Network. However, RSI is edging toward the overbought zone—traders should stay alert for potential profit-taking dips.
---
Disclaimer:
This post is for informational purposes only and not financial advice. Always do your own research before making investment decisions. Crypto markets are volatile and risky.
Cetus Protocol (CETUS) Price Analysis & Prediction – Is Another Wave Coming?
Current Price: ~$0.16
24h Change: +3.8%
Market Cap: ~$34M (approx)
Volume (24h): $4.2M
---
Technical Snapshot:
Cetus Protocol has regained momentum after consolidating around the $0.14–$0.15 range. The recent surge above $0.16 signals renewed buying interest. CETUS is now approaching a breakout point on both daily and 4H charts, forming a bullish pennant structure.
---
Key Levels to Watch:
Bullish Breakout Zone:
$0.17 – A clean break and close above this level could push CETUS toward $0.20, followed by a potential extension to $0.24.
Bearish Breakdown Zone:
$0.14 – Losing this key support could drive the price down to $0.12, with further downside risk to $0.10 if sentiment turns negative.
---
Short-Term Price Prediction:
Bullish Scenario: If bulls maintain volume and momentum, CETUS could rally to $0.20 in the coming days.
Bearish Scenario: Failure to break $0.17 resistance and a drop below $0.14 may trigger a correction phase.
---
Market Sentiment:
Cautiously bullish. CETUS is gaining traction in the DeFi and DEX space on Sui Network. However, RSI is edging toward the overbought zone—traders should stay alert for potential profit-taking dips.
---
Disclaimer:
This post is for informational purposes only and not financial advice. Always do your own research before making investment decisions. Crypto markets are volatile and risky.
CETUS Buy & Hold: Smooth Waters, Strong Surge Ahead
The market tides are shifting — and CETUS, the native token of the Cetus Protocol, is catching the current. With rising momentum and strategic ecosystem expansion, CETUS could be preparing for a strong move, making now a potentially ideal time to buy and hold.
What is CETUS?
Cetus Protocol is a concentrated liquidity DEX and cross-chain swap platform built on the Sui and Aptos blockchains. It’s designed to offer ultra-efficient trading, enhanced capital efficiency, and seamless composability — all with a focus on user-friendly DeFi.
Market Indicators Say: Accumulation Zone
CETUS is showing signs of accumulation after a period of low volatility. On-chain data reflects rising wallet activity, growing TVL on its DEX, and steady liquidity provider growth. Technically, the price is coiling tightly just above key support levels — a classic sign of an impending move.
With MACD building bullish divergence and the 50 EMA acting as a springboard, a breakout could soon push CETUS into a new trading range.
Ecosystem Momentum
Cetus is seeing increased attention due to the Sui ecosystem's growing strength. As new dApps and cross-chain tools integrate with Cetus Protocol, CETUS's utility and demand are set to increase. It’s not just a DEX token — it’s becoming a core DeFi asset within a fast-evolving network.
Binance Traders: Eyes on the Horizon
For users seeking emerging DeFi narratives with long-term upside, CETUS offers a compelling “buy and hold” signal. It may not be on every radar — yet — but that’s where the best opportunities are born.
Signal: BUY & HOLD
Short-Term Target: $0.095 – $0.12
Mid-Term Target: $0.18+
Stop-Loss: $0.062
#Cetus #BinanceAlphaAlert #MarketPullback #Binance
What is CETUS?
Cetus Protocol is a concentrated liquidity DEX and cross-chain swap platform built on the Sui and Aptos blockchains. It’s designed to offer ultra-efficient trading, enhanced capital efficiency, and seamless composability — all with a focus on user-friendly DeFi.
Market Indicators Say: Accumulation Zone
CETUS is showing signs of accumulation after a period of low volatility. On-chain data reflects rising wallet activity, growing TVL on its DEX, and steady liquidity provider growth. Technically, the price is coiling tightly just above key support levels — a classic sign of an impending move.
With MACD building bullish divergence and the 50 EMA acting as a springboard, a breakout could soon push CETUS into a new trading range.
Ecosystem Momentum
Cetus is seeing increased attention due to the Sui ecosystem's growing strength. As new dApps and cross-chain tools integrate with Cetus Protocol, CETUS's utility and demand are set to increase. It’s not just a DEX token — it’s becoming a core DeFi asset within a fast-evolving network.
Binance Traders: Eyes on the Horizon
For users seeking emerging DeFi narratives with long-term upside, CETUS offers a compelling “buy and hold” signal. It may not be on every radar — yet — but that’s where the best opportunities are born.
Signal: BUY & HOLD
Short-Term Target: $0.095 – $0.12
Mid-Term Target: $0.18+
Stop-Loss: $0.062
#Cetus #BinanceAlphaAlert #MarketPullback #Binance
Cetus $230M Hack: How a Math Bug Led to Massive Losses
According to Odaily, a deep analysis by SlowMist has uncovered how a hacker stole $230 million from Cetus by exploiting a math overflow vulnerability in the get_delta_a function. The flaw bypassed a protection mechanism (checked_shlw), letting the attacker manipulate parameters and trick the system into miscalculating token values.
Example :
Imagine a smart contract says:
“You give me 1 haSUI, I give you 1,000,000 USDT.”
Due to an overflow bug in the math calculation, the attacker made it seem like they only needed 1 token to receive millions in liquidity. In reality, they should have needed a huge amount. By carefully choosing the inputs, the attacker got billions in value almost for free.
Takeaway:
This is a powerful reminder that even a tiny math error in a smart contract can lead to massive losses. Overflow vulnerabilities must be taken seriously. Every calculation needs proper limits, validation, and safe coding practices to avoid this kind of disaster.
Source: Binance square.
#TrumpTariffs #HackingAlert #CetusRecovery #Cetus
Example :
Imagine a smart contract says:
“You give me 1 haSUI, I give you 1,000,000 USDT.”
Due to an overflow bug in the math calculation, the attacker made it seem like they only needed 1 token to receive millions in liquidity. In reality, they should have needed a huge amount. By carefully choosing the inputs, the attacker got billions in value almost for free.
Takeaway:
This is a powerful reminder that even a tiny math error in a smart contract can lead to massive losses. Overflow vulnerabilities must be taken seriously. Every calculation needs proper limits, validation, and safe coding practices to avoid this kind of disaster.
Source: Binance square.
#TrumpTariffs #HackingAlert #CetusRecovery #Cetus
💣 $223M Crypto Heist on Sui Blockchain! Hacker Gets $6M Offer to Return Stolen Coins 🕵️💰
In a jaw-dropping crypto drama, Cetus Protocol, the biggest exchange on the Sui blockchain, was hacked for a massive $223 million 😱. The attacker used fake tokens and sneaky code tricks to confuse the platform’s system and drain millions in real assets like $SUI , $ETH , and $USDC . It all started with just $11 million but quickly escalated as the hacker moved funds to Ethereum and bought over 21,000 ETH. Tokens like AXOL, HIPPO, and SQUIRT tanked, and SUI lost 15% of its value. Cetus has now paused its contracts and is trying to recover the platform. ⚠️
🎯 In a bold move, Cetus is offering the hacker a $6 million "bounty" (yes, really!) if they return the rest of the stolen money. The team says, “Give back 20,920 ETH and you can keep 2,324 ETH (worth about $6M) — no legal trouble.” 🕊️ But there's a catch: If the hacker tries to hide or move the money, the deal is off and legal action kicks in fast. The Cetus team has already tracked the hacker’s Ethereum wallet and is working with law enforcement, the Sui Foundation, and even the U.S. Department of Defense! 🛡️
💡 The hack exposed a sneaky flaw in Cetus’ pricing system — not in the code itself, but in the way its smart contracts calculated value inside liquidity pools. This kind of advanced "economic exploit" is harder to detect than basic bugs, showing how new blockchain projects like Sui still face serious risks. Cetus has patched the problem and beefed up security, but the damage to trust and tokens is real. Will the hacker take the money and run — or return the crypto and cash out like a whitehat? 🤔⏳
#ETHMarketWatch #SUI🔥 #USDC✅ #BinanceAlphaAlert #Cetus
🎯 In a bold move, Cetus is offering the hacker a $6 million "bounty" (yes, really!) if they return the rest of the stolen money. The team says, “Give back 20,920 ETH and you can keep 2,324 ETH (worth about $6M) — no legal trouble.” 🕊️ But there's a catch: If the hacker tries to hide or move the money, the deal is off and legal action kicks in fast. The Cetus team has already tracked the hacker’s Ethereum wallet and is working with law enforcement, the Sui Foundation, and even the U.S. Department of Defense! 🛡️
💡 The hack exposed a sneaky flaw in Cetus’ pricing system — not in the code itself, but in the way its smart contracts calculated value inside liquidity pools. This kind of advanced "economic exploit" is harder to detect than basic bugs, showing how new blockchain projects like Sui still face serious risks. Cetus has patched the problem and beefed up security, but the damage to trust and tokens is real. Will the hacker take the money and run — or return the crypto and cash out like a whitehat? 🤔⏳
#ETHMarketWatch #SUI🔥 #USDC✅ #BinanceAlphaAlert #Cetus
Cetus Protocol Recovers $162M After Major DeFi Hack
Cetus Protocol, a DeFi project built on the Sui blockchain, has successfully recovered $162 million after suffering a major hack that initially drained over $223 million from its platform. The breach, which occurred on May 22, 2025, triggered immediate action from Cetus, with help from the Sui Foundation and cybersecurity firm Inca Digital.
Together, they managed to freeze a large portion of the stolen assets and have now offered a $6 million bounty to the hacker for the safe return of the remaining funds. U.S. agencies including FinCEN and the Department of Defense are also assisting in the investigation.
The hack caused sharp price swings in the SUI token and sparked concerns about DeFi security. Cetus has promised to publish a full incident report soon, shedding light on the breach and steps taken. This case underscores both the growing risks and the resilience of the decentralized finance sector.
#Cetus #SUI🔥 #TrumpTariffs #MarketPullback
$CETUS $SUI
Cetus Protocol, a DeFi project built on the Sui blockchain, has successfully recovered $162 million after suffering a major hack that initially drained over $223 million from its platform. The breach, which occurred on May 22, 2025, triggered immediate action from Cetus, with help from the Sui Foundation and cybersecurity firm Inca Digital.
Together, they managed to freeze a large portion of the stolen assets and have now offered a $6 million bounty to the hacker for the safe return of the remaining funds. U.S. agencies including FinCEN and the Department of Defense are also assisting in the investigation.
The hack caused sharp price swings in the SUI token and sparked concerns about DeFi security. Cetus has promised to publish a full incident report soon, shedding light on the breach and steps taken. This case underscores both the growing risks and the resilience of the decentralized finance sector.
#Cetus #SUI🔥 #TrumpTariffs #MarketPullback
$CETUS $SUI
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.
#MarketPullback #TrumpTariffs
#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.
#MarketPullback #TrumpTariffs
🚨【$5M Bounty: Cetus Offers Reward to Identify Hacker】
Cetus Protocol says it has not received any response from the attacker. With support from Inca Digital and the Sui Foundation, they're offering a $5 million bounty for verifiable information leading to the hacker’s identification 🧠💰
🔍 Must include: full name, location, and evidence.
📩 Submit tips to [email protected] with subject line: "Cetus lead"
Cetus adds: If the hacker accepts the previous offer, all legal pursuit and bounty will be withdrawn.
🧠 Insight:
This marks one of the rare, high-profile bounties in Web3 directly backed by a foundation—potentially setting a precedent for incentivized community-driven justice.
#Cetus #SUIFOUNDATION #Web3Security
Cetus Protocol says it has not received any response from the attacker. With support from Inca Digital and the Sui Foundation, they're offering a $5 million bounty for verifiable information leading to the hacker’s identification 🧠💰
🔍 Must include: full name, location, and evidence.
📩 Submit tips to [email protected] with subject line: "Cetus lead"
Cetus adds: If the hacker accepts the previous offer, all legal pursuit and bounty will be withdrawn.
🧠 Insight:
This marks one of the rare, high-profile bounties in Web3 directly backed by a foundation—potentially setting a precedent for incentivized community-driven justice.
#Cetus #SUIFOUNDATION #Web3Security
OMG, this is scary and disappointed. 😤
SUI can stop any transactions anytime, Cetus can stop their smart contract anytime, now what I realized is they are centralized blockchain and ecosystem. 💻 👈
SUI is not decentralized at all, everything under their control.
#SUI🔥 #Cetus #cetushack
$SUI $CETUS
SUI can stop any transactions anytime, Cetus can stop their smart contract anytime, now what I realized is they are centralized blockchain and ecosystem. 💻 👈
SUI is not decentralized at all, everything under their control.
#SUI🔥 #Cetus #cetushack
$SUI $CETUS
MICROBYTE:
All of you laughing but this guy has a point , being centralized with crypto is not the-same as with the Bank , it should never be.. look what happened One coin ,Bit-connect & Luna
🔥 HOT TODAY: CetusProtocol dangles a $6M bounty to the hacker behind the $220M exploit
👮♂️ Asking for $55M in $ETH + frozen $SUI funds back!
Will the hacker take the deal or vanish with the bag? 💼💨
#Cetus #CryptoNews
👮♂️ Asking for $55M in $ETH + frozen $SUI funds back!
Will the hacker take the deal or vanish with the bag? 💼💨
#Cetus #CryptoNews
Perry Espenoza Q8Sw:
are you single
Top crypto news for May 23 — Sui’s Cetus DEX hacked for $223M, token prices crash, Kraken tokenizes U.S. stocks on Solana, tourist loses $123K BTC in fake Uber setup, OpenAI unveils pocket AI device plans, and a Swedish firm’s Bitcoin buy sends stock up 37%.
#CryptoNews #SuiHack #Cetus #Kraken #Solana #OpenAI #BitcoinTheft #TokenizedStocks #H100 #CryptoUpdate #May2025
#CryptoNews #SuiHack #Cetus #Kraken #Solana #OpenAI #BitcoinTheft #TokenizedStocks #H100 #CryptoUpdate #May2025
$SUI Breaking : #Cetus got hacked for around $223M, so they quickly paused their smart contracts to stop more damage. They teamed up with other DeFi projects, the Sui Foundation, and validators to protect the ecosystem. Many validators are now blocking transactions from the hacker’s addresses. The Cetus team is looking into ways to recover the stolen funds and return them to users. An official report is on the way, and the Sui community is backing Cetus through the recovery process.
Cetus Gets Hit — $223M Drained in Major Crypto Hack on Sui’s Top DEX
Cetus, the biggest DEX and liquidity hub on Sui, just got rocked by a massive $223M exploit. The culprit? A vulnerability in the smart contract — not the Sui network itself, but still a serious blow to DeFi on the chain.
🧨 What Went Down
Attackers drained most of the liquidity from Cetus by exploiting a weakness at the application level. Chaos followed: multiple SUI-based tokens tanked by over 75% as the pools emptied out.
💸 The Good News?
Roughly $160M of those stolen funds were frozen quickly and are now being prepped to return to liquidity providers. The Cetus team, backed by Sui’s core devs, is chasing down the remaining $60M.
🔧 Cetus Is Back Online
The exploit has been patched, and trading is back up and running. Things are stable — for now.
📢 Community Reacts
Even CZ jumped in, posting on X:
“We will do what we can to help Sui.”
📌 Stay Alert
If you’re holding $SUI or $Lping on Cetus, keep an eye on official updates. Recovery is in motion — but the storm’s not over yet.
#SUİ #HackerAlert #Cetus
Cetus, the biggest DEX and liquidity hub on Sui, just got rocked by a massive $223M exploit. The culprit? A vulnerability in the smart contract — not the Sui network itself, but still a serious blow to DeFi on the chain.
🧨 What Went Down
Attackers drained most of the liquidity from Cetus by exploiting a weakness at the application level. Chaos followed: multiple SUI-based tokens tanked by over 75% as the pools emptied out.
💸 The Good News?
Roughly $160M of those stolen funds were frozen quickly and are now being prepped to return to liquidity providers. The Cetus team, backed by Sui’s core devs, is chasing down the remaining $60M.
🔧 Cetus Is Back Online
The exploit has been patched, and trading is back up and running. Things are stable — for now.
📢 Community Reacts
Even CZ jumped in, posting on X:
“We will do what we can to help Sui.”
📌 Stay Alert
If you’re holding $SUI or $Lping on Cetus, keep an eye on official updates. Recovery is in motion — but the storm’s not over yet.
#SUİ #HackerAlert #Cetus
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