22 May 2025 – In a big news related to the Sui blockchain, out of the total $260 million stolen from the Cetus Protocol, $160 million (about Rs 1,300 crore) has been frozen. This information was given by Eman Abio, a senior official of the Sui company. He said that this money will soon be returned to the accounts of the affected people.
The Cetus protocol is a popular website (DEX) where people buy and sell digital coins (such as SUI and USDC). This site works on the Sui blockchain.
How did Cetus hack happen?
A few days ago, the Cetus protocol suffered a huge cyber attack. Hackers took advantage of a weakness in the site’s security and stole about $260 million. They created fake tokens and cheated the system. Some of the stolen money was also sent to the Ethereum network, making it difficult to get them back.
This news spread fear in the market. A coin called CETUS fell by 40% and the prices of some other Sui coins fell by 90%.
Cetus Hack Progress Report: What’s Been Recovered So Far
Sui official Eman Abio said that $160 million of the stolen money has been stopped. This money is now safe and will be returned to the users soon. The teams of Cetus and Sui are working together to get the rest of the money back.
Now the Cetus website has started working again and the technical glitch due to which the hack happened has been fixed.
$SUI CPO Adeniyi.sui @EmanAbio says $160M of the $220M+ stolen has been frozen and will be restored to Cetus pools soon.
Market Impact and Community Response
When this hack happened, there was a lot of anger and panic among the people. Many investors lost their money. On social media, people started asking questions about the security of Sui and Cetus.
But when the news of freezing of $160 million came, people got some relief. Even now many people want that security should be strengthened so that this does not happen again in future.
What’s next for Cetus Protocol and Sui?
Now the teams of Cetus and Sui are busy finding the remaining money and making the entire site more secure. Returning the money can bring back people’s trust.
This incident shows that investing money in crypto websites like DeFi (Decentralized Finance) can be profitable, but it also carries risk. Therefore, it is important to get complete information before making any investment.
Lessons for Crypto Investors from the Cetus Hack
This incident teaches that security is very important in the world of crypto and blockchain. People who invest in tokens like SUI, CETUS should keep an eye on these news.
To prevent such incidents in future, companies will have to focus on transparency and strong security.
Stay updated on the Cetus Protocol Hack
The Sui and Cetus teams will continue to provide updates – such as when money will be refunded and how secure the site has been made. You can get updates on platforms like X (formerly Twitter).
Note: This news is for information only. Do not consider the things given in it as investment advice. Do your research before investing.
