Cetus Liquidity Aggregator Restored Following Major $223 Million Hack – Coincu

On June 4, 2025, the Cetus liquidity platform announced the restoration of its liquidity aggregator after a severe $223 million hack on Sui blockchain’s network on May 22. This marks a crucial step in overcoming the platform’s recent challenges.

The hack, which saw the freeze of $162 million by Sui validators, significantly impacted user trust and liquidity. Market reactions were swift, leading to price crashes of related tokens. Cetus’s recovery efforts included utilizing cash reserves, a loan from Sui Foundation, and a pending on-chain vote.

The Nature of the Hack

The hack, which saw the freeze of $162 million by Sui validators, significantly impacted user trust and liquidity. Market reactions were swift, leading to price crashes of related tokens. Cetus’s recovery efforts included utilizing cash reserves, a loan from Sui Foundation, and a pending on-chain vote.

The Cetus liquidity platform, following the hack on May 22, announced its liquidity aggregator is back online, pending full operational restoration. Actions involving the Sui Foundation and Sui Validators have been instrumental. Cetus revealed on May 31 plans for a full recovery, emphasizing protocol upgrades and product function restoration. Community governance played a vital part with over half favoring the proposal to return funds.

Sui Foundation stated, “These are exceptional measures needed for Sui community safety,” underlining its strategic involvement post-hack.

Market Impact and Future Security Measures in Focus

Did you know? Sui validators managed to freeze approximately $162 million of stolen assets. This intervention underscores pivotal questions on decentralization versus necessary centralized actions in blockchain security.

According to data from CoinMarketCap as of June 4, 2025, the Sui token trades at $3.26. The market cap is $11.08 billion, with a 24-hour trading volume of $686.13 million. Recent metrics indicate SUI’s price has fluctuated, reflecting the current market circumstances post-exploit.

Experts suggest this episode may instigate shifts in security protocols and blockchain governance models, advocating for more robust mechanisms to balance autonomy and risk mitigation.