Cetus Hack Update – $223M Incident Response

On May 22, Sui’s top DEX Cetus Protocol was hacked, losing around $223M.

Fund Flow: Part remains on Sui; a large portion (mostly ETH) has been bridged to other chains, making recovery harder.

Data Recovery: Ongoing and expected to take hours. Services will resume once fully verified.

Swapping Resumed: Aggregator services (via Phantom, Binance Alpha) are live. CLMM pools to reopen after data sync.

Collaboration: Working with Sui Foundation and partners on recovery and restoration.

Two-Way Response:

White Hat Deal: Offering $5–6M to recover funds.

Legal Action: Gathering evidence with experts and law enforcement.

Compensation Plans: Multiple options under simulation—technical, fair, and transparent.

Protocol Upgrade Proposed: To unlock $162M frozen on Sui via PoS vote.

Security Steps: Contracts paused quickly; working with analytics firms and freezing funds with validators.