Cetus, a decentralized crypto trade (DEX) constructed atop the Sui blockchain community, stated $162 million of over $220 million stolen in a Could 22 hack has been frozen.
In accordance to the Cetus group, the DEX is working with the Sui Basis and different entities inside the ecosystem to recuperate the rest of the funds. The Sui Basis additionally confirmed:
“Numerous validators recognized the addresses with the stolen funds and are ignoring transactions on these addresses till additional discover. The Cetus group is exploring paths to recuperate these funds and return them to the neighborhood.”
The Cetus hack is the newest in a string of such incidents impacting crypto and Web3 within the first half of 2025. Cybersecurity continues to be a serious situation in crypto, with many trade 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 up to now
On Could 22, the Cetus DEX was hacked in what’s believed to be a sensible contract code exploit that noticed the DEX drained of roughly $223 million in person funds.
In accordance to the group behind the Extractor Web3 safety notification device, $63 million of the stolen funds have been bridged to the Ethereum community.
The Extractor group additionally recognized a pockets tackle 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 initiatives, platforms, and validators within the Sui ecosystem drew combined reactions from the crypto neighborhood.
“Excellent news for the victims, but when validators, 114 solely in whole, 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 person wrote in response.
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