Sui CPO Freezes Stolen Funds from Cetus DEX Hack, Impacts DeFi Ecosystem

A significant development in the aftermath of the Cetus DEX hack has emerged. Sui’s Chief Product Officer (CPO), Eman Abio, has taken swift action by freezing $160 million of stolen funds for recovery. This action demonstrates the effectiveness of Sui’s security response and will be a crucial step in restoring confidence within the DeFi ecosystem. The Cetus DEX hack has had a substantial impact on the Sui platform, but initial steps are being taken to mitigate the damage. Abio emphasized that $160 million out of over $220 million stolen in the attack has been frozen for recovery.