Sui DEX Cetus suspected of being hacked: Over $200M in potential losses
Sui-based DEX Cetus is suspected to be experiencing an exploit, with onchain data showing rapid asset drainage despite the team portraying the incident as a “bug.”
Update (May 22, 2025, 1:27 pm UTC): This article has been updated to add further data and statements by Hacken.
Cetus, a decentralized exchange (DEX) built on the Sui blockchain, is suspected to be undergoing a massive exploit that may have drained more than $200 million worth of digital assets.
Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” They also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours.
