. @CetusProtocol This incident is also over, I remember that I was about to give a social class at the time of the incident, and I was quite shocked to see it suddenly Latest Progress: @SuiFoundation provided loan support, promising to return 100% of the assets to all affected users of this incident In fact, it was immediately reported that Cetus teamed up with the Sui Foundation to freeze 160 million of the $220 million, which was very fast It is conceivable that the price of the $SUI ecosystem, including Sui itself, has been affected, with the recent high of 4.13 falling to a low of around 3.45 (-15%), and currently rebounding to 3.7 To be honest, I myself have encountered a deposit encounter with a hacker who lost $100,000 at a time, and I can fully understand the feelings of the affected users this time Of course, there are relatively few validators in the Sui ecosystem, and the quick decision to freeze the funds this time has certainly aroused some people's doubts, but many chains are actually highly centralized, which is also a problem 🧐 worth considering In addition, I think @tmel0211 be more objective to point out the problems that many DeFi teams may encounter at present, including the details of contract writing, the risk control ability of financial risks, and the role of audit companies The results are good, but how can such a large ecological agreement continue to avoid such problems in the future? Then it needs to be taken seriously Because there are a lot of Sui ecological players in Taiwan, of course, I don't want to see this kind of thing happen all the time, I hope everyone can be better! ⚡️ @GiveRep
Sui's Ecosystem Crisis: The Cetus Protocol Attack @CetusProtocol @CetusProtocol was attacked by a smart contract vulnerability on May 22, 2025, and lost about $223 million in $SUI, $USDC and other assets! This is also the first major security incident encountered by @SuiNetwork ecology Let's take you to understand the beginning and end 🧵👇 of the Cetus incident Latest Results: @SuiFoundation Shoulder-to-shoulder? @SuiFoundation provided loan support, promising to return 100% of the assets to all affected users of this event! #Cetus #Sui #DeFi
Cetus official tweet:
📢 New Progress Update – A Path Forward Together! Since the incident, we have reflected deeply on the incident and its impact on our users, partners, and the broader ecosystem. We are deeply sorry and take this responsibility seriously. Today, we want to share a meaningful step forward, made possible by the collective effort of many. We have great news. Using our cash and token treasuries, we are now in a position to fully cover the stolen assets currently off-chain if the locked funds are recovered through the upcoming community vote. This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible. Because full recovery is dependent upon the results of the community vote, we humbly ask for the Sui community’s full support to recover the funds via the upcoming vote. We recognize that this is an extraordinary ask forced by our actions, however we think it is the right decision especially for those affected. Regardless of the outcome of the vote, recovery will begin immediately after. A detailed plan will follow. We deeply regret the impact caused by the recent incident and sincerely apologize to our users and the broader ecosystem for the exposure. Your trust is our top priority, and we are fully committed to making things right. We ask that everyone comes together to pass the vote, make everyone whole, and rebuild a stronger, more resilient Sui DeFi ecosystem. 🌊
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