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Crypto hacks resulted in approximately $244.1 million in losses during May 2025. According to blockchain security firm PeckShield, this marks a 39.29% decrease from April’s figures. The month recorded roughly 20 major incidents, with coordinated recovery efforts successfully freezing some stolen assets. The most notable development involved the collaborative response between Sui (SUI) validators and … Read more
The Sui community has voted to unlock over $160 million in frozen assets following a major exploit of Cetus, a leading decentralized finance protocol on the network. In a May 29 post on X, Sui (SUI) confirmed that validators representing 90.9% of the total stake voted “yes” in an on-chain governance proposal to move the … Read more
SUI is trading at $3.62 at press time, down 1% in the past 24 hours, as the token struggles to recover from the aftermath of the $223 million Cetus Protocol hack on May 22. The attack, which is one of the biggest decentralized finance hacks this year, has cast a shadow over Sui’s (SUI) ecosystem. … Read more
As broader crypto markets struggle to regain momentum, a handful of digital assets stand out amid the turbulence. Bitcoin (BTC), which surged to a record high of nearly $112,000 last week, dropped to $107,000, while the market cap of all coins tracked by CoinGecko dropped to $3.49 trillion. Pi Network (PI), Cetus Protocol (CET), and … Read more
Cetus, the main decentralized exchange and liquidity protocol on Sui, has announced a $5 million reward for information that identifies the hacker in the $223 million hack that happened on May 22, 2025. The Cetus team said in an update on May 23 that it had not heard from the hacker responsible for the $223 … Read more
Cetus Protocol, a leading DEX on the Sui Network, has been hacked, losing at least $200 million. CETUS, SUI, and Sui network meme coins crashed as a result. Here’s everything you need to know about the Cetus Protocol hack. There’s always a first for everything. Ethereum faced a hard fork barely a year after launching. … Read more
Sui liquidity provider Cetus confirmed a loss of 223 million dollars due to a hack, says it’s taking steps to recover funds On Thursday, May 22, Cetus confirmed that it was a victim of a hack which accounted for $223 million in losses. The confirmation came after the Sui-based (SUI) liquidity provider paused the smart … Read more
Key Takeaways Cetus Protocol on Sui blockchain was targeted by a cyberattack, draining multiple liquidity pools. Several liquidity pool tokens on Cetus plunged by up to 80% following the incident. Share this article Cetus Protocol, a key decentralized exchange and liquidity provider on the Sui blockchain, suffered severe disruption in the early hours of Thursday … Read more
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