SUI Chain Responds: $257M Hacked, $162M Recovered

A significant cryptocurrency theft of $257 million occurred in May 2025, targeting various platforms including the Cetus DEX. This exploit, attributed to smart contract vulnerabilities, resulted in a substantial loss for Cetus and other affected users. However, the SUI protocol acted swiftly, freezing over $160 million stolen funds in an emergency vote. The recovery was successful on the blockchain thanks to community governance and blockchain technology’s inherent security features. This incident highlights the importance of robust decentralized exchange security protocols and emphasizes the need for continuous improvement in security measures.