Despite freezing $162 million of the stolen funds, the incident caused a 40% drop in CETUS token value and disrupted the SUI ecosystem, prompting a community push for better safeguards. The Cetus Protocol, a leading decentralized exchange on the SUI blockchain, was hit by a massive hack, resulting in losses exceeding $223 million, prompting swift action from the team and raising concerns across the DeFi community. Cetus worked together with the other DeFi protocols, the Sui Foundation, and the Sui validators to… https://t.co/Y1iw2sNnPW — Sui (@SuiNetwork) May 22, 2025