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May 22, 2025

Cetus DEX exploited for $223 million; some funds "paused"

A turquoise whale illustration, followed by "Cetus" in white(attribution)
An attacker stole $223 million from the Sui-based Cetus Protocol. The project announced shortly after that $162 million of the funds had been frozen, leaving around $61 million unaccounted for.

This led some to question how decentralized the project truly is if the funds can be frozen in such a way.

  • Tweet by Cetus [archive]
Theme tags: Hack or scam
Tech tags: DeFi

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