Cetus DEX Exploit: A $260 Million Heist & Lessons Learned

On May 22, 2025, the Cetus DEX, a leading cryptocurrency exchange on the Sui blockchain, suffered a significant hack. This attack, resulting in the theft of approximately $260 million, offers crucial insights for DeFi developers and users alike. The exploit exposed critical vulnerabilities within the platform’s pricing mechanism, highlighting the ongoing challenge of securing decentralized finance (DeFi) ecosystems. 🤯 The attacker exploited this flaw to drain liquidity pools, causing a sharp drop in the Sui token price. 📉 🤝 💰 This incident underscores the importance of proactive security measures and continuous vigilance in the evolving DeFi landscape.