A decentralized Crypto Exchange (DEX) Cetus, a decentralized Crypto Exchange (DEX) built over the SUI blockchain network, has set up a $ 162 million of over $ 220 million in Hack on 22 May.
According For the CETUS team, the Dex is working with the Sui Foundation and other institutions within the ecosystem to recover the remaining amount. Sui Foundation too Confirmed,
“A large number of verifications identified the address with stolen funds and are ignoring the transactions on those addresses until the next notice. The CETUS team is searching for the path to recover those funds and return them to the community.”
Cetus Hack is the latest in a string of such incidents affecting crypto and web3 in the first half of 2025. Cybercity Crypto remains a major issue, in which several industry officials have called the area to the police and established a strong defense or risk increase.
Connected: Germany bybit seizes $ 38m in Crypto from Hack-Linked Exchange
The Setus Hack: The Story so far
On 22 May, Cetus DEX is considered to be an exploitation of a smart contract code, which is believed to have detected about $ 223 million in user funds.
According For the team behind the Extractor Web3 Safety Notification Equipment, $ 63 million stolen funds were delivered to the Ethereum Network.
Extractor team also Identified A wallet address ending in “AF16” is used by danger actors to rob 20,000 ether (Eth), value of about $ 53 million.
Recovery efforts and asset freeze coordinated by various projects, platforms and verifications in SUI ecosystems attract mixed reactions from the Crypto community.
“There is good news for the victims, but if the verification, only in 114 clan, when they want, it can freeze the wallet, it raises a big question about the network’s sensorship resistance. The needle is anything but decentralized,” a user wrote In response.
magazine: $ 55M Defy Saver Fish, Copy 2PWN hijacks its clipboard: Crypto Second
