Sui Addresses Security Concerns After $223 Million Cetus Protocol Breach

The Sui Network has taken immediate action to address security vulnerabilities following a significant breach of its Cetus protocol on May 22, 2025. The attack resulted in the theft of $223 million worth of crypto assets, with $162 million frozen by network validators. This incident highlights the ongoing challenge of securing decentralized applications within the blockchain ecosystem. Sui Foundation has allocated a $10 million security fund to enhance overall network protection. The breach also led to an immediate drop of 14% in the SUI token value, reflecting market concerns over the vulnerability.