Cetus Secures $160M After DeFi Hack in Sui Ecosystem

Following a significant exploit of the Cetus Protocol, which resulted in over $220 million in stolen assets, Cetus has secured $160 million in recovery efforts. The recovered funds were facilitated by collaboration with the Sui Foundation and Mysten Labs as of May 31st, 2025. This incident has raised questions about governance and decentralization within the Sui community, prompting discussions on appropriate response mechanisms for future similar incidents.