Sui DeFi Reimbursements: $162 Million Secured for Cetus Hack Victims

Following the recent Cetus protocol hack, which resulted in a significant loss of over $223 million from the Sui Network on May 22, 2025, a recovery plan is underway. The affected users will be eligible for reimbursement of up to $162 million secured by Sui validators, with the remaining funds being bridged to Ethereum. Key players like the Sui Foundation and security firm OtterSec are leading these efforts. This incident serves as a valuable reminder of the importance of robust DeFi security protocols in light of this notable hack’s impact on the ecosystem.