Cryptocurrency
[loss] $60M+
Tweet by Cetus
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
- 2025-05-22 Breach occurred
- 2025-05-22 Publicly disclosed