Cetus, a decentralized crypto Exchange (Dex), which was built on the SUI Blockchain network, said that $ 162 million of over 220 million dollars stolen in a hack on May twenty second.
According to the Cetus team, the Dex works with the SUI Foundation and other corporations throughout the ecosystem to revive the remainder of the fund. The Sui Foundation also confirmed:
“Numerous validators have identified the addresses with the stolen funds and ignores transactions on these addresses as much as further announcement. The Cetus team explores the paths to revive these means and to return them to the community.”
The Cetus Hack is the most recent in a series of such incidents that affect crypto and web3 in the primary half of 2025. Cyber ​​security continues to be a vital problem in crypto. Many managers within the industry ask the sector to shine themselves and construct more robust defenses or risks.
Source: Cetus
The Cetus -Hack: The previous history
On May 22, the Cetus Dex was hacked in an intelligent contract code -Exploit, by which the Dex was emptied from $ 223 million in user funds.
According to the team behind the extractor -Web3 -security reporting instrument, 63 million US dollars of the stolen funds were covered into the Ethereum network.
The extractor team also identified a item of things that was utilized by the threat players in “AF16” to clean 20,000 ether (Eth) price around 53 million US dollars.
The restoration efforts and the asset, which were coordinated by various projects, platforms and validators within the SUI ecosystem, led mixed reactions from the crypto community.
“Good news for the victims, but when validators only 114, in the event that they want, they raise a vital query concerning the network's censorship resistance. Sui is anything but decentralized,” wrote a user as a solution.
