Cetus, Sui Network’s Biggest DEX and Liquidity Provider, Loses $260M in Hack

Cetus, Sui Network’s Biggest DEX and Liquidity Provider, Loses $260M in Hack

Cetus Protocol, the largest decentralized exchange (DEX) and liquidity provider on the Sui network, has been drained of $260 million worth of tokens in an apparent hack, according to crypto sleuth Lookonchain.The wallet tied to the Cetus Protocol exploit — 0xe28b50 — currently holds over 12.9 million SUI, valued at approximately $54 million at current prices.On-chain data shows the address has a net worth exceeding 32.9 million SUI (approximatel…

What is Cetus Protocol and what has happened?Cetus Protocol is the largest decentralized stock exchange in the Sui network and offers efficient trading through concentrated liquidity pools. On May 22, 2025, Cetus was exploited by an attack – damage: about $260 million. It is one of the largest DeFi hacks of the year.The attacker used fake tokens that resembled real assets to manipulate liquidity pools. Weaknesses in token verification enabled re…

Hacker Plunders $223,000,000 Worth of Crypto from Sui-Based Decentralized Exchange - The Daily Hodl

The largest decentralized exchange (DEX) and liquidity protocol on the layer-1 blockchain Sui (SUI) is temporarily disabling its smart contracts following a major security breach. In a statement, Cetus Protocol confirms that a bad actor siphoned approximately $223 million worth of assets from the platform. The DEX says it has already taken measures to prevent further theft and secure the majority of the impacted funds. “$162 million of the compr…

What Does the CETUS Hack Mean for DeFi Security on SUI?

Hackers drained over $220 million from CETUS DEX, a key SUI-based platform. $160 million in stolen funds has been frozen and is set for recovery. The hack has raised serious questions about DeFi security and SUI decentralization Hackers exploited CETUS, a top decentralized exchange on the SUI blockchain, draining over $220 million in assets. The breach on May 22 triggered a sharp 40% drop in the CETUS token. With $160 million frozen and recovery…

Cetus Protocol hit by $260 mln hack – SUI drops 15% amid security crisis

Cetus managed to freeze $162M in assets, collaborating with Sui Foundation and ecosystem players for fund recovery efforts.

Massive Cetus DEX Exploit: Settlement Offered In Urgent Fund Recovery Push

BitcoinWorld Massive Cetus DEX Exploit: Settlement Offered in Urgent Fund Recovery Push The world of decentralized finance (DeFi) can be incredibly innovative, offering exciting opportunities, but it also comes with inherent risks. One such risk recently materialized for users of Cetus DEX, a prominent decentralized exchange operating on the Sui blockchain. The platform confirmed a significant exploit, resulting in a staggering loss of approxima…