Cetus, a decentralized crypto trade (DEX) constructed atop the Sui blockchain community, mentioned $162 million of over $220 million stolen in a Might 22 hack has been frozen.
According to the Cetus workforce, the DEX is working with the Sui Basis and different entities throughout the ecosystem to get better the rest of the funds. The Sui Basis additionally confirmed:
“A big quantity of validators recognized the addresses with the stolen funds and are ignoring transactions on these addresses till additional discover. The Cetus workforce is exploring paths to get better these funds and return them to the neighborhood.”
The Cetus hack is the most recent in a string of such incidents impacting crypto and Web3 in the primary half of 2025. Cybersecurity continues to be a serious problem in crypto, with many business executives calling for the sector to police itself and set up extra strong defenses or danger elevated regulatory scrutiny.
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The Cetus hack: the story to date
On Might 22, the Cetus DEX was hacked in what’s believed to be a smart contract code exploit that noticed the DEX drained of roughly $223 million in consumer funds.
According to the workforce behind the Extractor Web3 safety notification instrument, $63 million of the stolen funds have been bridged to the Ethereum community.
The Extractor workforce additionally identified a pockets deal with ending in “AF16” utilized by the risk actors to launder 20,000 Ether (ETH), valued at roughly $53 million.
The restoration efforts and the asset freeze coordinated by completely different tasks, platforms, and validators in the Sui ecosystem drew blended reactions from the crypto neighborhood.
“Excellent news for the victims, but when validators, 114 solely in complete, can freeze wallets when they need, it raises a serious query in regards to the community’s censorship resistance. Sui is something however decentralized,” one consumer wrote in response.
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