Response & fallout

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The wallet address 0xe28b50, identified as the attacker in the Cetus Protocol exploit, holds more than 12.9 million SUI tokens valued at approximately $54 million.
Cetus Protocol confirmed in a statement to Bloomberg that it is working with the Sui Foundation and ecosystem partners to recover the funds stolen in the $260 million hack.
Binance founder Changpeng Zhao publicly offered help to Cetus Protocol following the $260 million hack, as support poured in from across the crypto industry.
Cetus Protocol initially attributed the May 2025 exploit on its protocol to an oracle bug but later on-chain analysis confirmed a deliberate and coordinated attack involving spoof token manipulation.
Cetus Protocol responded to the May 22, 2025 exploit by pausing all smart contracts and launching an internal investigation, with a public statement promised after further review.
Cetus Protocol successfully froze $162 million of the $260 million in assets stolen during the May 22, 2025 exploit and is collaborating with the Sui Foundation to recover the rest.
The attacker’s wallet linked to the Cetus Protocol exploit remains active and is reportedly attempting to obfuscate the movement of the stolen crypto assets.

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