CETUS Hack Exposes DeFi Vulnerability on SUI: What Are the Implications?

A significant security breach targeting the decentralized exchange (DEX), CETUS, has raised serious concerns about the future of DeFi security and decentralization on the SUI blockchain. Hackers drained over $220 million from the platform, triggering a 40% drop in the associated CETUS token. While $160 million stolen funds have been frozen for recovery, the incident highlights the ongoing vulnerability of decentralized systems to attacks.