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