SUI freezes $160M after exploit, hacker moves $60M to ETH, Cetus attack reveals decentralization myth beyond BTC and ETH

SUI froze $160M from the Cetus hacker, on-chain, out of over $220M. The $60M gap was bridged to ETH. While this is good in this case, this shows SUI network can freeze your funds on demand. Decentralization is just marketing outside of BTC/ETH. SUI froze $160M from the Cetus hacker, on-chain, out of over $220M. …

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CRYPTO: Cetus, main LP provider DEX on $SUI, allegedly hacked. $11M in SUI drained, with most tokens down 75%+ as pools are emptied.

🚨 BREAKING: Cetus, main LP provider DEX on $SUI, allegedly hacked. $11M in $SUI drained from SUI/USDC pool, with most tokens down 75%+ as pools are emptied. pic.twitter.com/sWKwsZGjaM — Cointelegraph (@Cointelegraph) May 22, 2025 🚨BREAKING NEWS: $75M HACKED FROM CETUS PROTOCOL @CetusProtocol hacked & Liquidity pools drained on the biggest liquidity provider on @SuiNetwork $75 …

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