US EditionSui Decentralized Exchange Cetus Is Back Online After $223M Exploit
- Cetus Protocol plans to resume operations on June 8, 2025, following a security breach that resulted in $223 million in losses on the Sui blockchain and caused a 17-day suspension.
- The attacker took advantage of a numeric overflow flaw within a common mathematical library used by Cetus' contracts, allowing them to artificially increase token amounts and withdraw large sums from the platform's liquidity reserves.
- Cetus, Sui Foundation, and OtterSec formed a recovery plan using multisig authorization and emergency funds to secure and redistribute assets to affected users.
- The protocol froze $162 million stolen funds and expects to compensate liquidity providers between 85% and 99%, while CETUS token lost 44% value over the past month.
- The relaunch signifies Cetus’s commitment to improved security, transparency, and decentralization, with plans for CETUS v2 on Sui and Aptos blockchains involving enhanced governance and incentives.
32 Articles
32 Articles
Cetus Relaunches Protocol After Recovering $162M From Exploit
Sui- and Aptos-based decentralized exchange Cetus has relaunched its protocol 17 days after an integer overflow vulnerability in a shared math library used by Cetus’ contracts allowed an attacker to artificially inflate deposited tokens and drain funds from its liquidity pools. Working with Sui validators, the protocol managed to freeze $162 million of the stolen assets on the Sui network. The Sui Foundation also extended a $30 million USDC loan…
Trader Predicts Parabolic Sui Rally to New Highs, Says Recent $223,000,000 DEX Hack Gave ‘Amazing Opportunity’ - The Daily Hodl
A widely followed crypto analyst says that layer-1 blockchain Sui (SUI) is gearing up for a massive breakout to fresh all-time highs. In a new thread, pseudonymous crypto trader Kaleo tells his 703,900 followers on the social media platform X that SUI is suddenly presenting a major buying opportunity. He says that the recent $223 million hack of the Cetus Protocol, a decentralized exchange (DEX) operating on the Sui network, caused SUI’s value t…
Network Activity Persists on SUI Despite Recent Exploit News ETHNews
Despite Cetus exploit, SUI’s Layer 1 activity stays active. New VARA Dubai partnership aids global network growth. Surpassing $3.60 resistance might cause over $96 million in liquidations, potentially accelerating price movement upward. SUI (Sui Network) is trading at $3.42 USD, reflecting a −0.85% daily decline. Despite short-term weakness, SUI has risen +2.60% over the past week, although it remains −17.06% for the month and −16.89% year-to-da…
Cetus Protocol Relaunches After Exploit, Goes Open Source to Rebuild Trust
Cetus Protocol—the decentralized exchange (DEX) on the Sui blockchain—has made an official relaunch following a disastrous exploit, signaling what could be a strong comeback. The relaunch, which happened Sunday, comes with a number of strategic decisions that the company hopes will restore trust with the community, shore up security, and push forward decentralized development. A major exploit hit Cetus, a key player in the Sui DeFi ecosystem, di…
Cetus mounts full-scale recovery after $162M attack
The Cetus protocol, a Sui-based decentralized exchange (DEX), suffered an exploit of its Concentrated Liquidity Market Maker (CLMM) pools on 22nd May 2025. That left it scrambling to prevent the loss of $223 million of its investors’ funds. Unfortunately, the team’s best efforts couldn’t stop the at...
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