SUI Network and Cetus Protocol Recover $160M Following $220M Exploit

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-23 10:29:14

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

Cetus Protocol and sui developers have successfully frozen $160 million of the $220 million stolen in a recent exploit, with recovery efforts underway to return funds to liquidity providers. The remaining $60 million remains unaccounted for as cross-chain collaboration continues.

The SUI network’s Core infrastructure emerged unscathed from the attack, maintaining full operational capacity. During a community update, project leaders emphasized their commitment to transparency and system reliability while addressing the breach.

Security analysts identified the vulnerability as a smart contract bug within Cetus Protocol’s implementation. The incident highlights ongoing challenges in DeFi security despite advancements in blockchain infrastructure robustness.

By:

Log in to Reply

BIS Digital Currency Lead Cecilia Skingsley Exits Early Amid Leadership Reshuffle

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.