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 with the Cetus staff, the DEX is working with the Sui Basis and different entities inside the ecosystem to get well the rest of the funds. The Sui Basis additionally confirmed:
“A lot of validators recognized the addresses with the stolen funds and are ignoring transactions on these addresses till additional discover. The Cetus staff is exploring paths to get well these funds and return them to the group.”
The Cetus hack is the most recent in a string of such incidents impacting crypto and Web3 within the first half of 2025. Cybersecurity continues to be a significant 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 this point
On Could 22, the Cetus DEX was hacked in what’s believed to be a wise contract code exploit that noticed the DEX drained of roughly $223 million in person funds.
In accordance with the staff behind the Extractor Web3 safety notification software, $63 million of the stolen funds have been bridged to the Ethereum community.
The Extractor staff additionally recognized a pockets tackle ending in “AF16” utilized by the menace actors to launder 20,000 Ether (ETH), valued at roughly $53 million.
The restoration efforts and the asset freeze coordinated by totally different initiatives, platforms, and validators within the Sui ecosystem drew blended reactions from the crypto group.
“Excellent news for the victims, but when validators, 114 solely in complete, can freeze wallets when they need, it raises a significant query in regards to the community’s censorship resistance. Sui is something however decentralized,” one person wrote in response.
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