Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Sui CPO Freezes $160M of Stolen Cetus DEX Funds

Sui CPO Freezes $160M of Stolen Cetus DEX Funds

Coinlineup2025/05/23 03:24
By:Coinlineup
Key Takeaways:

  • $160M of stolen funds frozen for recovery.
  • SUI token shows signs of recovery.
  • Impact on the DeFi ecosystem significant.
Sui CPO Freezes $160M of Stolen Cetus DEX Funds

This development is crucial as it demonstrates the effectiveness of Sui’s security response and affects DeFi’s market recovery, reflecting the larger impact of security breaches in decentralized finance platforms.

The Cetus DEX hack severely impacted the Sui ecosystem, prompting rapid responses from leadership. Eman Abio, Sui’s CPO, confirmed the freezing of $160 million stolen and reassured that these funds will be returned.

“Substantial progress has been made in recovering the stolen funds, with $160 million of over $220 million already frozen.” — Eman Abio, Chief Product Officer, Sui

The Cetus token plummeted 40% post-attack, stressing Sui’s DeFi infrastructure. SUI token shows price recovery post-announcement. The USDC was affected by depegging during the exploit.

The attack magnitude establishes this event among 2025’s largest DeFi breaches. Analysts highlight the targeting of liquidity pools as an ongoing vulnerability across DeFi platforms. Leadership emphasizes restored CPO confidence as $160 million of the stolen funds is recoverable. Community urged to remain calm amid restoration efforts, with assurances from cryptocurrency project contributors.

Forthcoming strategies may lead to enhanced DeFi platform security. Data indicates historical trends of smart contract vulnerabilities persist. The ongoing situation invites comprehensive market strategy adjustments. The commitment to ecosystem security is seen as positive by analysts.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30