🤔 (De?)centralized

“Ok, why is literally everybody and their mom talking about Sui right now?”
Yesterday, the Sui blockchain experienced the biggest DeFi hack of 2025.
A hacker stole $223M from Cetus, the largest DEX aggregator on Sui.
FYI: that's about 94% of what the platform had in total value locked (TVL) the day before.

Cetus scrambled to respond:
Paused all smart contracts to prevent more damage;
Teamed up with the Sui Foundation and froze around $162M of the hacker’s funds. Sadly, the hacker had already bridged about $60M over to Ethereum;
Offered a white hat bounty - up to $6M - if the attacker returns the Ether.
Which sounds like a pretty solid response.
But many people went like, “Uhhh… pause. Sui can freeze funds?”

People like crypto sleuth Matteo pointed out that what happened wasn’t centralized control - it was decentralization in action.
But even if this is true, it left a crack in the idea that Sui was fully decentralized.