Sui price has missed the recent crypto market surge as investors expressed concerns about a hack in its biggest decentralized exchange network. The token was trading at $3.82 on Friday, up sharply from this week’s low of $3.1795. So, will the Cetus hack affect Sui’s Protocol and its token?

Latest Sui news: Cetus offers bounty

The fast-growing Sui blockchain is facing its biggest issue so far, after hackers infiltrated its biggest decentralized exchange (DEX) known as Cetus and stole funds worth $223 million, in one of the biggest hacks of the year.

In a statement, the company said that it had successfully paused $162 million of those funds and was working to secure the rest. The network said that it had identified the wallet addresses controlled by the hacker and was offering a whitehat settlement.

Cetus🐳

@CetusProtocol

·Follow

📜 Dear Sui community, thank you for your patience while our team works on the incident investigation and resolution.

Since taking the actions indicated in our previous announcement, we have also done the following:

1. We engaged the broader ecosystem, Sui team, and related

11:43 PM · May 22, 2025

1.7K

Reply

Read 341 replies