US EditionSUI News: Sui Steps in to Compensate Cetus Losses in Full After $223M Exploit
- On May 22, 2025, an attacker exploited Cetus Protocol's CLMM pools on the Sui blockchain, stealing approximately $223 million.
- The exploit resulted from a vulnerability involving spoof tokens and flawed price curves that allowed draining of real assets.
- Cetus promptly locked contracts, froze $162 million in compromised funds, collaborated with Sui validators, and initiated investigations and bounty offers.
- The protocol obtained a crucial loan provided by the Sui Foundation and leveraged treasury reserves, indicating that full reimbursement of users is achievable pending a community decision to release the frozen assets.
- Following announcement of the recovery plan, CETUS token surged around 25-30%, reflecting cautious optimism while the Sui community prepares to vote on fund recovery.
26 Articles
26 Articles
$10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare - Overpasses For America
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word bega…
Cetus Proposes Onchain Vote to Return All Funds Lost in Exploit
After Sui-based decentralized exchange Cetus suffered a $220 million exploit last week, it has now proposed a community vote to potentially return 100% of the frozen funds to affected users. The protocol’s team proposed returning the funds using its cash and token treasuries, alongside a critical loan from the Sui Foundation, provided that the community approves the return of the locked funds via an upcoming onchain vote. This story is an excerp…
Sui Approves Return of $162M in Frozen Exploit Funds - Crypto Economy
TL;DR Sui approved the return of $162 million to those affected by the Cetus exploit, which took place on May 22 and resulted in losses exceeding $220 million. The frozen funds will be transferred to a multisig wallet and distributed under a plan that includes resources from Cetus and an emergency loan from the Sui Foundation. Cetus aims to reactivate its platform within a week and deploy an auditable compensation contract to cover remaining lo…
Sui Validators Approve Return Of $162M In Frozen Assets After Cetus Exploit - FinanceFeeds
Sui network validators approved a proposal to return $162 million in digital assets frozen after a major exploit targeting the decentralized exchange Cetus, paving the way for affected users to begin recovering their funds. The governance vote, which ended Wednesday, saw 90.9% of participants back the proposal, with 1.5% abstaining and 7.2% not casting votes, according to Sui’s official governance page. The stolen funds were part of a broader $2…
Sui passes vote to repay Cetus exploit victims
The Sui community has approved returning $162M in frozen assets to Cetus victims. The funds will be held in a multisig wallet for user repayment. Sui also launched a $10M security push after the $223M exploit. In a significant move for user restitution and ecosystem resilience, the Sui community has officially approved a vote to return over $160 million in frozen assets following the massive exploit of the Cetus decentralised exchange. The decis…
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