Cryptocurrency [loss] $60M+

Tweet by Cetus

2025-05-22 [vendor] Cetus [chain] sui
Primary Source ↗
Financial Loss $60.0M (60,000,000 USD)
Recovered $163.0M
Blockchain(s) Sui

Incident Details

An attacker stole $223 million from the Sui-based Cetus Protocol. The project announced shortly after that $163 million of the funds had been frozen, leaving around $60 million unaccounted for.This led some to question how decentralized the project truly is if the funds can be frozen in such a way.Sui validators later voted to return the frozen assets to the Cetus project. Cetus also announced that users would be fully compensated, and that they would cover the $60 million gap with project treasury funds and a loan from the Sui Foundation.

Total loss estimated at $60,000,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Cetus

Timeline

  1. 2025-05-22 Breach occurred
  2. 2025-05-22 Publicly disclosed