Cetus Protocol Secures $160 Million After Major Sui Blockchain Hack

The Cetus Protocol successfully recovered $160 million in assets following a significant hack targeting its liquidity pools on the Sui blockchain. The attack exploited smart contract vulnerabilities and occurred on May 2025, impacting assets like USDC and ETH. This recovery highlights the ongoing challenges surrounding blockchain security and decentralization while sparking debate about the role of the Sui Foundation’s asset freeze measures in safeguarding the network. Cetus plans a community discussion forum in June to address these issues further.