$260M Cetus Hack: Sui Freezing Funds Sparks Decentralization Concerns
Description
In a major blow to the Sui ecosystem, Cetus Protocol—a leading decentralized exchange (DEX) on Sui blockchain—suffered a massive $260 million hack on May 22, exposing major vulnerabilities in the platform as well as its fix igniting a fierce debate about decentralization in the crypto industry.
Publish date
May 24, 2025 - 12:00am