The CETUS protocol, the largest DEX of the SUI network, has been hacked for $ 22.3 million.

The CETUS protocol, the largest distributed exchange (DEX) in the SUI network, has been hacked on Thursday and lost about $ 222 million worth of SUI tokens.

Hacking aimed at the Sui/USDC liquidity pool, eliminating almost all cetus fluidity and stopping the transaction on the platform.

The incident also caused USDC’s flash sediments in the SUI chain, and it has been reported to exchange hands as part of Cent. Some pairs of liquidity dropped sharply and some swimming pools fell to $ 143,000.

Said (@cetusprotocol) to #Sui Hacked and lost more than $ 280 million!

Hackers are switching stolen funds $ USDC And the cross chain #ETHEREUM Exchange $ eth~ 60m $ USDC Already Cross-Chained.https: //t.co/b0UGU8ICRHTTPS: //t.co/0bpksaygmr pic.twitter.com/txfxloimod

-LOOKONCHAIN ​​(@Lookonchain) May 22, 2025

This explo it has plunged more than 75%with the top 15 SUI -based tokens.

The CETUS protocol team checks the violation

The CETUS team confirmed violations and interruptions to damage. We are trying to investigate the scope of the attack and return the system to a stable state.

“We have confirmed that the attacker stole about $ 22.3 million from the CETUS protocol.” Post on X. “We took immediate measures to lock the contract to prevent additional theft of funds.”

In addition, $ 162 million damaged funds have been successfully suspended, and they are working with SUI FOUNDATION and other ecosystems in the next step solution to recover the rest of the stolen funds.

The attacker uses sophisticated attack methods related to spoofing tokens such as Bulla, which was used to manipulate a defective price calculation and reserve system in CETUS’s smart contracts.

Attackers also manipulated liquidity and withdrawing real assets such as SUI and USDC, using the vulnerability in the logic of the automated market manufacturer of DEX.

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